Digirad Probability of Target Price

Digirad Corporation -- USA Stock  

USD 2.3  0.05  2.13%

Digirad probability of target price tool provides mechanism to make assumptions about upside and downside potential of Digirad Corporation performance during a given time horizon utilizing its historical volatility. Please specify Digirad time horizon, a valid symbol (red box) and a target price (blue box) you would like Digirad odds to be computed. Additionally see Digirad Backtesting, Digirad Valuation, Digirad Correlation, Digirad Hype Analysis, Digirad Volatility, Digirad History as well as Digirad Performance
Investment Horizon     30 Days    Login   to change
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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 2.3 30 days 3.4  about 13.33% about 86.61%
Based on normal probability distribution, the odds of Digirad to stay under $ 3.4  after 30 days from now is about 86.61%. Probability of Digirad price to stay between its current price of $ 2.3  and $ 3.4  at the end of the 30-day period is about 77.55%.
Given the investment horizon of 30 days, Digirad Corporation has beta of -5.4596 suggesting as returns on its benchmark rise, returns on holding Digirad Corporation are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Digirad is expected to outperform its benchmark. Additionally Digirad Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
87.0%
Odds to stay under $ 3.4  after 30 days
 Digirad Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=(0.51) 
βBeta against DOW=(5.46) 
σ
Overall volatility
= 0.45 
 IrInformation ratio =(0.34)