Macroaxis considers Broadridge Financial not too risky given 1 month investment horizon. Broadridge Financial secures Sharpe Ratio (or Efficiency) of 0.5904 which signifies that Broadridge Financial had 0.5904% 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 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 201.47, Risk Adjusted Performance of 0.2206 and Mean Deviation of 0.3947 to double-check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Broadridge Financial Market Sensitivity
|As returns on market increase, Broadridge Financial returns are expected to increase less than the market. However during bear market, the loss on holding Broadridge Financial will be expected to be smaller as well.One Month Beta |Analyze Broadridge Financial Demand TrendCheck current 30 days Broadridge Financial correlation with market (DOW)|
β = 0.8348
Broadridge Financial Technical Analysis
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Broadridge Financial has beta of 0.8348 . This suggests as returns on market go up, Broadridge Financial average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Broadridge Financial Solutions Inc will be expected to be much smaller as well. Moreover, Broadridge Financial Solutions Inc has an alpha of 0.0517 implying that it can potentially generate 0.0517% 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 169.37. The daily returns are destributed with a variance of 0.23 and standard deviation of 0.48. The mean deviation of Broadridge Financial Solutions Inc is currently at 0.4. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44