Macroaxis considers Dover Downs exceptionally risky given 1 month investment horizon. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of 0.1051 which denotes Dover Downs Gaming had 0.1051% of return per unit of risk over the last 1 month. Our philosophy towards predicting 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 Dover Downs Gaming Entertainment Inc which you can use to evaluate future volatility of the firm. Please utilize Dover Downs Gaming Coefficient Of Variation of 805.84, Mean Deviation of 1.97 and Downside Deviation of 2.75 to check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Dover Downs Market Sensitivity
|As returns on market increase, returns on owning Dover Downs are expected to decrease at a much smaller rate. During bear market, Dover Downs is likely to outperform the market.One Month Beta |Analyze Dover Downs Gaming Demand TrendCheck current 30 days Dover Downs correlation with market (DOW)|
β = -0.1261
Dover Downs Gaming Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Dover Downs Gaming Entertainment Inc has beta of -0.1261 suggesting as returns on benchmark increase, returns on holding Dover Downs are expected to decrease at a much smaller rate. During bear market, however, Dover Downs Gaming Entertainment Inc is likely to outperform the market. Moreover, Dover Downs Gaming Entertainment Inc has an alpha of 0.3282 implying that it can potentially generate 0.3282% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Dover Downs is 951.86. The daily returns are destributed with a variance of 6.29 and standard deviation of 2.51. The mean deviation of Dover Downs Gaming Entertainment Inc is currently at 1.95. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49