Macroaxis considers Computer Task to be moderately volatile. Computer Task Group secures Sharpe Ratio (or Efficiency) of -0.0479 which signifies that Computer Task Group had -0.0479% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Computer Task Group Incorporated exposes twenty-six different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Computer Task Group Downside Deviation of 2.5, Risk Adjusted Performance of 0.0102 and Mean Deviation of 0.9351 to double-check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
Computer Task Market Sensitivity
|As returns on market increase, returns on owning Computer Task are expected to decrease at a much smaller rate. During bear market, Computer Task is likely to outperform the market.One Month Beta |Analyze Computer Task Group Demand TrendCheck current 30 days Computer Task correlation with market (DOW)|
β = -0.17
Computer Task Group Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Computer Task Group Incorporated has beta of -0.17 . This suggests as returns on benchmark increase, returns on holding Computer Task are expected to decrease at a much smaller rate. During bear market, however, Computer Task Group Incorporated is likely to outperform the market. Moreover, Computer Task Group Incorporated has an alpha of 0.036 implying that it can potentially generate 0.036% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Computer Task is -2089.38. The daily returns are destributed with a variance of 2.17 and standard deviation of 1.47. The mean deviation of Computer Task Group Incorporated is currently at 0.95. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49