DNB ASA Risk Analysis

DNB ASA -- USA Stock  

USD 18.3  0.21  1.13%

Macroaxis considers DNB ASA to be not too volatile. DNB ASA retains Efficiency (Sharpe Ratio) of -0.0202 which denotes DNB ASA had -0.0202% 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-eight 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 (934.46) and Market Risk Adjusted Performance of 0.2276 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 Trend
Check current 30 days DNB ASA correlation with market (DOW)
β = -0.7823
DNB ASA Almost negative betaDNB ASA Beta Legend

DNB ASA Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. DNB ASA 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

Assuming 30 trading days horizon, DNB ASA has beta of -0.7823 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. Moreover, DNB ASA has an alpha of 0.028 implying that it can potentially generate 0.028% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of DNB ASA is -4949.83. The daily returns are destributed with a variance of 1.52 and standard deviation of 1.23. The mean deviation of DNB ASA is currently at 0.91. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.028
βBeta against DOW=0.78
σ
Overall volatility
=1.23
 IrInformation ratio =0.28

Actual Return Volatility

DNB ASA shows 1.2345% volatility of returns over 30 trading days. DOW inherits 0.4748% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

DNB ASA Volatility Factors

30 Days Market Risk

Not too volatile

Chance of Distress in 24 months

High

30 Days Economic Sensitivity

Slightly opposite to market

Largest Trends

DNB ASA Largest Period Trend

Investment Outlook

DNB ASA Investment Opportunity
DNB ASA has a volatility of 1.23 and is 2.62 times more volatile than DOW. 11% of all equities and portfolios are less risky than DNB ASA. Compared to the overall equity markets, volatility of historical daily returns of DNB ASA is lower than 11 (%) of all global equities and portfolios over the last 30 days. Use DNB ASA to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of DNB ASA to be traded at $17.75 in 30 days. 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.

DNB ASA correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding DNB ASA and equity matching DJI index in the same portfolio.

Volatility Indicators

DNB ASA Current Risk Indicators