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

DIGJAMLTD -- India Stock  

INR 6.20  0.40  6.06%

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 Digjam Backtesting, Digjam Valuation, Digjam Correlation, Digjam Hype Analysis, Digjam Volatility, Digjam History as well as Digjam Performance.
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
 6.20 30 days 6.20  CLOSE TO 99%
Based on normal probability distribution, the odds of Digjam to move above current price in 30 days from now is close to 99% (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 Limited has beta of -2.4859 suggesting as returns on its benchmark rise, returns on holding Digjam Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Digjam is expected to outperform its benchmark. Additionally Digjam Limited has an alpha of 0.0436 implying that it can potentially generate 0.0436% excess return over DOW after adjusting for the inherited market risk (beta).
 Digjam Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.043573
β
Beta against DOW=2.49
σ
Overall volatility
=0.19
Ir
Information ratio =0.23

Digjam Alerts

Digjam Alerts and Suggestions

Digjam Limited generates negative expected return over the last 30 days
Additionally see Digjam Backtesting, Digjam Valuation, Digjam Correlation, Digjam Hype Analysis, Digjam Volatility, Digjam History as well as Digjam Performance. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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