We consider CDK Global not too risky. CDK Global secures Sharpe Ratio (or Efficiency) of 0.1691 which signifies that CDK Global had 0.1691% 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 company 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 0.8627, Risk Adjusted Performance of 0.01 and Mean Deviation of 0.6666 to double-check if risk estimate we provide are consistent with the epected return of 0.1845%.
|Time Horizon||30 Days Login to change|
CDK Global Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, CDK Global has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and CDK Global are completely uncorrelated. Furthermore, CDK GlobalIt does not look like CDK Global alpha can have any bearing on the equity current valuation.
Predicted Return Density