We consider Dover Downs exceptionally risky. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of 0.0129 which denotes Dover Downs Gaming had 0.0129% 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 confirm Dover Downs Gaming Coefficient Of Variation of 7587.58, Mean Deviation of 2.0 and Downside Deviation of 2.92 to check if risk estimate we provide are consistent with the epected return of 0.0348%.
|Investment Horizon||30 Days Login to change|
Dover Downs Market Sensitivity
|As returns on market increase, Dover Downs returns are expected to increase less than the market. However during bear market, the loss on holding Dover Downs will be expected to be smaller as well.One Month Beta |Analyze Dover Downs Gaming Demand TrendCheck current 30 days Dover Downs correlation with market (DOW)|
β = 0.4788
Projected Return Density Against MarketConsidering 30-days investment horizon, Dover Downs has beta of 0.4788 suggesting as returns on market go up, Dover Downs average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Dover Downs Gaming Entertainment Inc will be expected to be much smaller as well. Additionally, Dover Downs Gaming Entertainment Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of Dover Downs is 7750.12. The daily returns are destributed with a variance of 7.28 and standard deviation of 2.7. The mean deviation of Dover Downs Gaming Entertainment Inc is currently at 1.91. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23