Digirad Probability of Target Price Finishing Above 3.4

Digirad Corporation -- USA Stock  

USD 2.68  0.08  3.08%

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
 Time Horizon     30 Days    Login   to change
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Digirad Target Price Odds to finish below 3.4

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 2.68 30 days 3.4  near 1% close to 100%
Based on normal probability distribution, the odds of Digirad to stay under $ 3.4  after 30 days from now is close to 100%. Probability of Digirad price to stay between its current price of $ 2.68  and $ 3.4  at the end of the 30-day period is about 19.04%.
Given the investment horizon of 30 days, Digirad Corporation has beta of -0.0851 suggesting as returns on benchmark increase, returns on holding Digirad are expected to decrease at a much smaller rate. During bear market, however, Digirad Corporation is likely to outperform the market. Additionally Digirad Corporation has an alpha of 0.7517262519090909 implying that it can potentially generate 0.7517262519090909% excess return over DOW after adjusting for the inherited market risk (beta).
> 99%
Odds to stay under $ 3.4  after 30 days
 Digirad Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.75
β
Beta against DOW=0.09
σ
Overall volatility
=0.19
Ir
Information ratio =0.12