Macroaxis considers Dover Downs abnormally risky given 1 month investment horizon. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of 0.1625 which denotes Dover Downs Gaming had 0.1625% 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 0.7056% is justified by implied risk. Please utilize Dover Downs Gaming Coefficient Of Variation of 591.85, Mean Deviation of 3.08 and Downside Deviation of 5.12 to check if our risk estimates are consistent with your expectations.
|Time 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 = 0.2629
Dover Downs Gaming Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Dover Downs has beta of 0.2629 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 0.7422 implying that it can potentially generate 0.7422% 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 615.39. The daily returns are destributed with a variance of 18.85 and standard deviation of 4.34. The mean deviation of Dover Downs Gaming Entertainment Inc is currently at 3.21. For similar time horizon, the selected benchmark (DOW) has volatility of 1.71