We consider Amgen not too risky. Amgen secures Sharpe Ratio (or Efficiency) of 0.0437 which signifies that Amgen had 0.0437% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Amgen which you can use to evaluate future volatility of the firm. Please confirm Amgen Mean Deviation of 1.01 and Risk Adjusted Performance of 0.01 to double-check if risk estimate we provide are consistent with the epected return of 0.0573%.
|Time Horizon||30 Days Login to change|
Amgen Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Amgen has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and Amgen are completely uncorrelated. Furthermore, AmgenIt does not look like Amgen alpha can have any bearing on the equity current valuation.
Predicted Return Density