Macroaxis considers DNB ASA to be not too risky. DNB ASA retains Efficiency (Sharpe Ratio) of -0.2239 which denotes DNB ASA had -0.2239% of return per unit of risk over the last 1 month. 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. DNB ASA exposes twenty-six different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DNB ASA Coefficient Of Variation of
(436.84) and Market Risk Adjusted Performance of 1.94 to check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
DNB ASA Market Sensitivity
|As returns on market increase, returns on owning DNB ASA are expected to decrease at a much smaller rate. During bear market, DNB ASA is likely to outperform the market.One Month Beta |Analyze DNB ASA Demand TrendCheck current 30 days DNB ASA correlation with market (DOW)|
β = -0.0807
Projected Return Density Against MarketAssuming 30 trading days horizon, DNB ASA has beta of -0.0807 suggesting as returns on benchmark increase, returns on holding DNB ASA are expected to decrease at a much smaller rate. During bear market, however, DNB ASA is likely to outperform the market. Additionally, DNB ASA has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Assuming 30 trading days horizon, the coefficient of variation of DNB ASA is -446.71. The daily returns are destributed with a variance of 0.39 and standard deviation of 0.62. The mean deviation of DNB ASA is currently at 0.4. For similar time horizon, the selected benchmark (DOW) has volatility of 0.26