Baker Hughes is abnormally risky given 1 month investment horizon. Baker Hughes Incorporated secures Sharpe Ratio (or Efficiency) of 0.4276 which signifies that Baker Hughes Incorporated had 0.4276% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use Baker Hughes Incorporated market data together with company specific technical indicators. We found twenty different technical indicators which can help you to evaluate if expected returns of 13615.7421% are justified by taking the suggested risk. Use Baker Hughes Coefficient Of Variation of 217.53, Risk Adjusted Performance of 0.1151 and Mean Deviation of 24505.86 to evaluate company specific risk that cannot be diversified away.
|Investment Horizon||30 Days Login to change|
Baker Hughes Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Baker Hughes will likely underperform.One Month Beta |Analyze Baker Hughes Incorporated Demand TrendCheck current 30 days Baker Hughes correlation with market (DOW)|
β = 95.0
Projected Return Density Against MarketConsidering 30-days investment horizon, the stock has beta coefficient of 95.0 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Baker Hughes will likely underperform. In addition to that, Baker Hughes Incorporated has an alpha of 14936.3879 implying that it can potentially generate 14936.3879% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Baker Hughes is 233.89. The daily returns are destributed with a variance of 1.01415062919E9 and standard deviation of 31845.73. The mean deviation of Baker Hughes Incorporated is currently at 22725.71. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23