|Horizon||30 Days Login to change|
CDK Global Market Sensitivity
|As returns on market increase, CDK Global returns are expected to increase less than the market. However during bear market, the loss on holding CDK Global will be expected to be smaller as well.One Month Beta |Analyze CDK Global Demand TrendCheck current 30 days CDK Global correlation with market (DOW)|
β = 0.3456
CDK Global Technical Analysis
CDK Global Projected Return Density Against MarketConsidering 30-days investment horizon, CDK Global has beta of 0.3456 . This suggests as returns on market go up, CDK Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding CDK Global will be expected to be much smaller as well. Moreover, CDK Global has an alpha of 0.0377 implying that it can potentially generate 0.0377% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
CDK Global Return VolatilityCDK Global has volatility of 0.8834% on return distribution over 30 days investment horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.