Macroaxis considers Digjam to be relatively risky. Digjam Limited
secures Sharpe Ratio (or Efficiency) of -0.0336 which denotes Digjam Limited
had -0.0336% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Digjam Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Digjam Limited Coefficient Of Variation
of 1,989 and Mean Deviation of 1.79 to check risk estimate we provide. Macroaxis gives Digjam performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -2.2525 which denotes to the fact that as returns on market increase, returns on owning Digjam are expected to decrease by larger amounts. On the other hand, during market turmoil, Digjam is expected to significantly outperform it.. Even though it is essential to pay attention to Digjam Limited historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Digjam Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Digjam Limited has expected return of -0.0761%. Please be advised to confirm Digjam Limited Information Ratio, Value At Risk and the relationship between Standard Deviation and Treynor Ratio to decide if Digjam Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.72 |
Digjam Limited has good predictability. Overlapping area represents the amount of predictability between Digjam time series from August 19, 2018 to September 3, 2018 and September 3, 2018 to September 18, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Digjam Limited price movement. The serial correlation of 0.72 indicates that around 72.0% of current Digjam price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.42|