Computer Task is relatively risky given 1 month investment horizon. Computer Task Group secures Sharpe Ratio (or Efficiency) of 0.3827 which signifies that Computer Task Group had 0.3827% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.1261% are justified by taking the suggested risk. Use Computer Task Downside Deviation of 1.59, Risk Adjusted Performance of 0.4039 and Mean Deviation of 2.4 to evaluate company specific risk that cannot be diversified away.
|Time 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 = -0.6952
Computer Task Group Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Computer Task Group Incorporated has beta of -0.6952 . 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. In addition to that, Computer Task Group Incorporated has an alpha of 1.067 implying that it can potentially generate 1.067% 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 261.32. The daily returns are destributed with a variance of 8.66 and standard deviation of 2.94. The mean deviation of Computer Task Group Incorporated is currently at 2.4. For similar time horizon, the selected benchmark (DOW) has volatility of 1.04