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 TrendCheck current 30 days Digjam correlation with market (DOW)|
β = -0.0443
Digjam Central Daily Price Deviation
Digjam Limited Technical Analysis
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Digjam Projected Return Density Against MarketAssuming 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
|Alpha over DOW||=||0.54|
|Beta against DOW||=||0.04|
Digjam Return Volatilitythe 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.
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