CDK Global Risk Analysis And Volatility Evaluation

CDK -- USA Stock  

USD 63.17  0.47  0.75%

We consider CDK Global not too risky. CDK Global secures Sharpe Ratio (or Efficiency) of 0.1099 which signifies that CDK Global had 0.1099% of return per unit of return volatility over the last 1 month. Our approach into foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for CDK Global which you can use to evaluate future volatility of the firm. Please confirm CDK Global Semi Deviation of 0.7951, Risk Adjusted Performance of 0.0611 and Mean Deviation of 0.5767 to double-check if risk estimate we provide are consistent with the epected return of 0.0971%.
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 Trend
Check current 30 days CDK Global correlation with market (DOW)
β = 0.3456
CDK Global Small BetaCDK Global Beta Legend

CDK Global Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. CDK Global Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

CDK Global Projected Return Density Against Market

Considering 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 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of CDK Global is 909.52. The daily returns are destributed with a variance of 0.78 and standard deviation of 0.88. The mean deviation of CDK Global is currently at 0.63. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.0377
β
Beta against DOW=0.35
σ
Overall volatility
=0.88
Ir
Information ratio =0.07

CDK Global Return Volatility

CDK 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

CDK Global Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Slowly supersedes market

Investment Outlook

CDK Global Investment Opportunity

CDK Global has a volatility of 0.88 and is 1.96 times more volatile than DOW. 8% of all equities and portfolios are less risky than CDK Global. Compared to the overall equity markets, volatility of historical daily returns of CDK Global is lower than 8 (%) of all global equities and portfolios over the last 30 days. Use CDK Global to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of CDK Global to be traded at $69.49 in 30 days. 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.

CDK Global correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding CDK Global Inc and equity matching DJI index in the same portfolio.

CDK Global Volatility Indicators

CDK Global Current Risk Indicators

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