Digjam (India) Risk Analysis And Volatility

DIGJAMLTD -- India Stock  

INR 4.76  0.09  1.86%

Our philosophy towards predicting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Digjam Limited which you can use to evaluate future volatility of the firm. Please confirm Digjam Limited Mean Deviation of 3.07 and Coefficient Of Variation of (906.62) to check if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

Digjam Market Sensitivity

As returns on market increase, returns on owning Digjam are expected to decrease at a much smaller rate. During bear market, Digjam is likely to outperform the market.
2 Months Beta |Analyze Digjam Limited Demand Trend
Check current 30 days Digjam correlation with market (DOW)
β = -0.0443

Digjam Central Daily Price Deviation

Digjam Limited Technical Analysis

Transformation
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Digjam Projected Return Density Against Market

Assuming 30 trading days horizon, Digjam Limited has beta of -0.0443 suggesting as returns on benchmark increase, returns on holding Digjam are expected to decrease at a much smaller rate. During bear market, however, Digjam Limited is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Digjam Limited is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.54
β
Beta against DOW=0.04
σ
Overall volatility
=0.00
Ir
Information ratio =0.13

Digjam Return Volatility

the business accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.9038% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Digjam Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Digjam Investment Opportunity

DOW has a standard deviation of returns of 1.9 and is 9.223372036854776E16 times more volatile than Digjam Limited. 0% of all equities and portfolios are less risky than Digjam. Compared to the overall equity markets, volatility of historical daily returns of Digjam Limited is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Digjam Limited to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Digjam to be traded at 4.62 in 30 days. . As returns on market increase, returns on owning Digjam are expected to decrease at a much smaller rate. During bear market, Digjam is likely to outperform the market.

Digjam correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Digjam Limited and equity matching DJI index in the same portfolio.

Digjam Volatility Indicators

Digjam Limited Current Risk Indicators

Additionally see Investing Opportunities. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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