We consider Computer Task not very volatile. Computer Task Group secures Sharpe Ratio (or Efficiency) of 0.1229 which signifies that Computer Task Group had 0.1229% of return per unit of risk over the last 1 month. Our philosophy towards 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-eight technical indicators for Computer Task Group Incorporated which you can use to evaluate future volatility of the firm. Please confirm Computer Task Group Downside Deviation of 1.07, Risk Adjusted Performance of 0.0336 and Mean Deviation of 0.7351 to double-check if risk estimate we provide are consistent with the epected return of 0.1323%.
|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 = -0.2332
Projected Return Density Against MarketConsidering 30-days investment horizon, Computer Task Group Incorporated has beta of -0.2332 . 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 0.1376 implying that it can potentially generate 0.1376% 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 813.48. The daily returns are destributed with a variance of 1.16 and standard deviation of 1.08. The mean deviation of Computer Task Group Incorporated is currently at 0.76. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23