Digjam (India) Market Value
| DIGJAMLMTD | 36.28 0.85 2.29% |
| Symbol | Digjam |
Digjam 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Digjam's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Digjam.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Digjam on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Digjam Limited or generate 0.0% return on investment in Digjam over 90 days. Digjam is related to or competes with Compucom Software, LT Foods, FCS Software, Vinati Organics, Life Insurance, HDFC Life, and Agro Tech. Digjam is entity of India. It is traded as Stock on NSE exchange. More
Digjam Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Digjam's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Digjam Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 3.4 |
Digjam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digjam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digjam's standard deviation. In reality, there are many statistical measures that can use Digjam historical prices to predict the future Digjam's volatility.| Risk Adjusted Performance | (0.37) | |||
| Jensen Alpha | (1.36) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 1.77 |
Digjam Limited Backtested Returns
Digjam Limited secures Sharpe Ratio (or Efficiency) of -0.4, which denotes the company had a -0.4 % return per unit of risk over the last 3 months. Digjam Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Digjam's Mean Deviation of 2.54, standard deviation of 2.97, and Variance of 8.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.73, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Digjam are expected to decrease at a much lower rate. During the bear market, Digjam is likely to outperform the market. At this point, Digjam Limited has a negative expected return of -1.19%. Please make sure to confirm Digjam's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Digjam Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Digjam Limited has very good predictability. Overlapping area represents the amount of predictability between Digjam time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Digjam Limited price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Digjam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 35.61 |
Digjam Limited lagged returns against current returns
Autocorrelation, which is Digjam stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Digjam's stock expected returns. We can calculate the autocorrelation of Digjam returns to help us make a trade decision. For example, suppose you find that Digjam has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Digjam regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Digjam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digjam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digjam stock over time.
Current vs Lagged Prices |
| Timeline |
Digjam Lagged Returns
When evaluating Digjam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digjam stock have on its future price. Digjam autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Digjam autocorrelation shows the relationship between Digjam stock current value and its past values and can show if there is a momentum factor associated with investing in Digjam Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Digjam Stock
Digjam financial ratios help investors to determine whether Digjam Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Digjam with respect to the benefits of owning Digjam security.