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

    DIGJAMLTD -- India Stock  

    INR 3.25  0.20  6.56%

    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
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    Digjam Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     3.25 30 days 3.25  UNDER 95%
    Based on normal probability distribution, the odds of Digjam to move above current price in 30 days from now is under 95% (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 0.3636 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. Digjam Limited is significantly underperforming DOW.
     Digjam Price Density 
          Price 
    α
    Alpha over DOW
    =0.66
    β
    Beta against DOW=0.36
    σ
    Overall volatility
    =0.43
    Ir
    Information ratio =0.19

    Digjam Alerts and Suggestions

    Digjam Limited is not yet fully synchronised with the market data
    Digjam Limited generates negative expected return over the last 30 days
    Digjam Limited has high historical volatility and very poor performance
    Digjam Limited has high likelihood to experience some financial distress in the next 2 years
    Digjam Limited has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
    The company reported revenue of 141.54M. Net Loss for the year was (410.38M) with profit before overhead, payroll, taxes, and interest of 263.29M.

    DigjamPrice Density Drivers

    Float Shares57.21M
    Average Daily Volume Last 10 Day54.98k
    Average Daily Volume In Three Month68.97k
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