Digjam (India) Probability of Target Price Finishing Over Current Price

DIGJAMLTD -- India Stock  

INR 5.00  0.20  4.17%

Digjam probability of target price tool provides mechanism to make assumptions about upside and downside potential of Digjam Limited performance during a given time horizon utilizing its historical volatility. Please specify Digjam time horizon, a valid symbol (red box) and a target price (blue box) you would like Digjam odds to be computed. Additionally see Investing Opportunities.
Horizon     30 Days    Login   to change
Symbol:
Refresh Odds

Digjam Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 5.00 30 days 5.00  ABOUT 77.81%
Based on normal probability distribution, the odds of Digjam to move above current price in 30 days from now is about 77.81% (This Digjam Limited probability density function shows the probability of Digjam Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Digjam has beta of 0.1441 suggesting as returns on market go up, Digjam average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Digjam Limited will be expected to be much smaller as well. 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.
 Digjam Price Density 
      Price 
α
Alpha over DOW
=0.54
β
Beta against DOW=0.14
σ
Overall volatility
=0.68
Ir
Information ratio =0.09

Digjam Alerts

Digjam Alerts and Suggestions

Digjam Limited is not yet fully synchronised with the market data
Digjam Limited has high likelihood to experience some financial distress in the next 2 years

Price Density Drivers

Digjam Health Indicators

Average Daily Volume Last 10 Day123.9k
Average Daily Volume In Three Month104.08k
Additionally see Investing Opportunities. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Search macroaxis.com