Digjam (India) Chance of Future Stock Price Finishing Under 74.41
| DIGJAMLMTD | 80.24 4.23 5.01% |
Digjam |
Digjam Target Price Odds to finish below 74.41
The tendency of Digjam Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 74.41 or more in 90 days |
| 80.24 | 90 days | 74.41 | near 1 |
Based on a normal probability distribution, the odds of Digjam to drop to 74.41 or more in 90 days from now is near 1 (This Digjam Limited probability density function shows the probability of Digjam Stock to fall within a particular range of prices over 90 days) . Probability of Digjam Limited price to stay between 74.41 and its current price of 80.24 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon Digjam has a beta of 0.68 suggesting as returns on the market go up, Digjam average returns are expected to increase less than the benchmark. However, during the 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 instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Digjam Price Density |
| Price |
Predictive Modules for Digjam
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Digjam Limited. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Digjam Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Digjam is not an exception. The market had few large corrections towards the Digjam's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Digjam Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Digjam within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.68 | |
σ | Overall volatility | 2.99 | |
Ir | Information ratio | -0.05 |
Digjam Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Digjam for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Digjam Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Digjam Limited generated a negative expected return over the last 90 days | |
| The company reported the revenue of 226.61 M. Net Loss for the year was (120.6 M) with profit before overhead, payroll, taxes, and interest of 201.12 M. | |
| Digjam generates negative cash flow from operations | |
| Latest headline from news.google.com: Digjam Standalone September 2024 Net Sales at Rs 5.64 crore, down 31. percent Y-o-Y - Moneycontrol |
Digjam Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Digjam Stock often depends not only on the future outlook of the current and potential Digjam's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Digjam's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 20 M | |
| Cash And Short Term Investments | 58.1 M |
Digjam Technical Analysis
Digjam's future price can be derived by breaking down and analyzing its technical indicators over time. Digjam Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Digjam Limited. In general, you should focus on analyzing Digjam Stock price patterns and their correlations with different microeconomic environments and drivers.
Digjam Predictive Forecast Models
Digjam's time-series forecasting models is one of many Digjam's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Digjam's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Digjam Limited
Checking the ongoing alerts about Digjam for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Digjam Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Digjam Limited generated a negative expected return over the last 90 days | |
| The company reported the revenue of 226.61 M. Net Loss for the year was (120.6 M) with profit before overhead, payroll, taxes, and interest of 201.12 M. | |
| Digjam generates negative cash flow from operations | |
| Latest headline from news.google.com: Digjam Standalone September 2024 Net Sales at Rs 5.64 crore, down 31. percent Y-o-Y - Moneycontrol |
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.