Macroaxis considers Broadridge Financial not too risky given 1 month investment horizon. Broadridge Financial secures Sharpe Ratio (or Efficiency) of 0.5571 which signifies that Broadridge Financial had 0.5571% of return per unit of risk over the last 1 month. Our philosophy towards 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-seven technical indicators for Broadridge Financial Solutions Inc which you can use to evaluate future volatility of the firm. Please makes use of Broadridge Financial Coefficient Of Variation of 189.91, Risk Adjusted Performance of 0.1253 and Mean Deviation of 0.3477 to double-check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Broadridge Financial Market Sensitivity
|As returns on market increase, returns on owning Broadridge Financial are expected to decrease at a much smaller rate. During bear market, Broadridge Financial is likely to outperform the market.One Month Beta |Analyze Broadridge Financial Demand TrendCheck current 30 days Broadridge Financial correlation with market (DOW)|
β = -0.24
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Broadridge Financial Solutions Inc has beta of -0.24 . This suggests as returns on benchmark increase, returns on holding Broadridge Financial are expected to decrease at a much smaller rate. During bear market, however, Broadridge Financial Solutions Inc is likely to outperform the market. Moreover, Broadridge Financial Solutions Inc has an alpha of 0.2553 implying that it can potentially generate 0.2553% excess return over DOW after adjusting for the inherited market risk (beta).
Allowing for the 30-days total investment horizon, the coefficient of variation of Broadridge Financial is 179.51. The daily returns are destributed with a variance of 0.19 and standard deviation of 0.44. The mean deviation of Broadridge Financial Solutions Inc is currently at 0.34. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23