Dover Downs Risk Analysis

Dover Downs Gaming Entertainment Inc -- USA Stock  

USD 1.02  0.01  0.99%

Macroaxis considers Dover Downs exceptionally risky given 1 month investment horizon. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of 0.2159 which denotes Dover Downs Gaming had 0.2159% 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. By reviewing Dover Downs Gaming technical indicators you can presently evaluate if the expected return of 0.5406% is justified by implied risk. Please utilize Dover Downs Gaming Coefficient Of Variation of 594.9, Mean Deviation of 1.82 and Downside Deviation of 2.53 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, 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 Trend
Check current 30 days Dover Downs correlation with market (DOW)
β = 0.1496
Dover Downs Small BetaDover Downs Gaming Beta Legend

Dover Downs Gaming Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Dover Downs Gaming Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 30-days investment horizon, Dover Downs has beta of 0.1496 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. Moreover, Dover Downs Gaming Entertainment Inc has an alpha of 0.3729 implying that it can potentially generate 0.3729% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Dover Downs is 463.27. The daily returns are destributed with a variance of 6.27 and standard deviation of 2.5. The mean deviation of Dover Downs Gaming Entertainment Inc is currently at 1.9. For similar time horizon, the selected benchmark (DOW) has volatility of 0.51
α
Alpha over DOW
=0.37
βBeta against DOW=0.15
σ
Overall volatility
=2.5
 IrInformation ratio =0.11

Actual Return Volatility

Dover Downs Gaming Entertainment Inc has volatility of 2.5045% on return distribution over 30 days investment horizon. DOW inherits 0.5172% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Dover Downs Volatility Factors

30 Days Market Risk

Exceptionally risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Barely shadows market

Total Debt

Dover Downs Gaming Total Debt History

Total Debt

Largest Trends

Dover Downs Largest Period Trend

Investment Outlook

Dover Downs Investment Opportunity
Dover Downs Gaming Entertainment Inc has a volatility of 2.5 and is 4.81 times more volatile than DOW. 23% of all equities and portfolios are less risky than Dover Downs. Compared to the overall equity markets, volatility of historical daily returns of Dover Downs Gaming Entertainment Inc is lower than 23 (%) of all global equities and portfolios over the last 30 days. Use Dover Downs Gaming Entertainment Inc to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Dover Downs to be traded at $1.122 in 30 days. 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.

Dover Downs correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Dover Downs Gaming Entertainme and equity matching DJI index in the same portfolio.