|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.One Month Beta |Analyze Digjam Limited Demand TrendCheck current 30 days Digjam correlation with market (DOW)|
β = -0.5937
Digjam Limited Technical Analysis
Digjam Projected Return Density Against MarketAssuming 30 trading days horizon, Digjam Limited has beta of -0.5937 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. Moreover, Digjam Limited has an alpha of 0.0276 implying that it can potentially generate 0.0276% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Digjam Return VolatilityDigjam Limited accepts 2.2422% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.