|Horizon||30 Days Login to change|
CA Market Sensitivity
|As returns on market increase, returns on owning CA are expected to decrease at a much smaller rate. During bear market, CA is likely to outperform the market.One Month Beta |Analyze CA Demand TrendCheck current 30 days CA correlation with market (DOW)|
β = -0.0844
CA Technical Analysis
CA Projected Return Density Against MarketAllowing for the 30-days total investment horizon, CA has beta of -0.0844 . This suggests as returns on benchmark increase, returns on holding CA are expected to decrease at a much smaller rate. During bear market, however, CA is likely to outperform the market. Moreover, CA has an alpha of 0.0248 implying that it can potentially generate 0.0248% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
CA Return VolatilityCA accepts 0.1374% volatility on return distribution over the 30 days horizon. DOW inherits 0.3914% risk (volatility on return distribution) over the 30 days horizon.