Macroaxis considers Deere to be not too risky. Deere Company secures Sharpe Ratio (or Efficiency) of -0.1061 which denotes Deere Company had -0.1061% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in 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. Deere Company exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Deere Company Mean Deviation of 1.78 to check risk estimate we provide.
|Time Horizon||30 Days Login to change|
Deere Market Sensitivity
|As returns on market increase, Deere returns are expected to increase less than the market. However during bear market, the loss on holding Deere will be expected to be smaller as well.2 Months Beta |Analyze Deere Company Demand TrendCheck current 30 days Deere correlation with market (DOW)|
β = 0.3383
Deere Company Technical Analysis
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Deere has beta of 0.3383 suggesting as returns on market go up, Deere average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Deere Company will be expected to be much smaller as well. Additionally, Deere Company has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density