Digimarc is slightly risky given 2 months investment horizon. Digimarc
secures Sharpe Ratio (or Efficiency) of 0.201 which denotes the organization had 0.201% of return per unit of risk over the last 2 months. Our philosophy towards predicting risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators
which can help you to evaluate if expected returns of 1.7899% are justified by taking the suggested risk. Use Digimarc Coefficient Of Variation
of 610.14, Mean Deviation
of 4.9 and Downside Deviation
of 5.01 to evaluate company specific risk that cannot be diversified away. Digimarc holds performance score of 13 on a scale of zero to a hundred. The firm shows Beta (market volatility) of -0.8363 which denotes to the fact that as returns on market increase, returns on owning Digimarc are expected to decrease at a much smaller rate. During bear market, Digimarc is likely to outperform the market. Although it is essential to pay attention to Digimarc
historical returns, it is also good to be reasonable about what you can actually do with equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if Digimarc Corporation expected return of 1.7899 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable. Use Digimarc Treynor Ratio
, and the relationship
between Standard Deviation
and Downside Variance
to analyze future returns on Digimarc.
Almost perfect reverse predictability
Digimarc Corporation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Digimarc time series from April 18, 2019 to May 18, 2019 and May 18, 2019 to June 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Digimarc price movement. The serial correlation of -0.8 indicates that around 80.0% of current Digimarc price fluctuation can be explain by its past prices. Given that Digimarc Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Digimarc for similar time interval.