Macroaxis considers Dover Downs to be abnormally risky. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of -0.0167 which denotes Dover Downs Gaming had -0.0167% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting 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. Dover Downs Gaming Entertainment exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dover Downs Gaming Coefficient Of Variation of
1,086 and Mean Deviation of 3.02 to check risk estimate we provide.
|Time Horizon||30 Days Login to change|
Dover Downs Gaming Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Dover Downs has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and Dover Downs are completely uncorrelated. Furthermore, Dover Downs Gaming EntertainmentIt does not look like Dover Downs alpha can have any bearing on the equity current valuation.
Predicted Return Density