Digjam (India) Risk Analysis And Volatility Evaluation

DIGJAMLTD -- India Stock  

INR 6.00  0.06  1.01%

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 Coefficient Of Variation of 264.36 and Mean Deviation of 2.16 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.
One Month Beta |Analyze Digjam Limited Demand Trend
Check current 30 days Digjam correlation with market (DOW)
β = -0.1763

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 -0.1763 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, Digjam Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=1.22
β
Beta against DOW=0.18
σ
Overall volatility
=0.00
Ir
Information ratio =0.36

Digjam Return Volatility

Digjam Limited accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.1692% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Digjam Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Digjam Investment Opportunity

DOW has a standard deviation of returns of 1.17 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 enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Digjam to be traded at 6.6 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

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