DNB ASA Risk Analysis And Volatility Evaluation

DNBHF -- USA Stock  

USD 19.65  0.23  1.18%

We consider DNB ASA not very risky. DNB ASA retains Efficiency (Sharpe Ratio) of 0.0817 which denotes DNB ASA had 0.0817% of return per unit of risk over the last 1 month. Our philosophy in predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for DNB ASA which you can use to evaluate future volatility of the firm. Please confirm DNB ASA Coefficient Of Variation of 1710.44, Market Risk Adjusted Performance of 0.439 and Downside Deviation of 1.75 to check if risk estimate we provide are consistent with the epected return of 0.1439%.
 Time Horizon     30 Days    Login   to change

DNB ASA Market Sensitivity

As returns on market increase, DNB ASA returns are expected to increase less than the market. However during bear market, the loss on holding DNB ASA will be expected to be smaller as well.
One Month Beta |Analyze DNB ASA Demand Trend
Check current 30 days DNB ASA correlation with market (DOW)
β = 0.2186
DNB ASA Small 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 0.2186 suggesting as returns on market go up, DNB ASA average returns are expected to increase less than the benchmark. However during bear market, the loss on holding DNB ASA will be expected to be much smaller as well. Moreover, DNB ASA has an alpha of 0.0728 implying that it can potentially generate 0.0728% 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 1224.42. The daily returns are destributed with a variance of 3.1 and standard deviation of 1.76. The mean deviation of DNB ASA is currently at 1.31. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.07
β
Beta against DOW=0.22
σ
Overall volatility
=1.76
Ir
Information ratio =0.0012

Actual Return Volatility

DNB ASA shows 1.7616% volatility of returns over 30 trading days. DOW inherits 0.5751% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

DNB ASA Volatility Factors

30 Days Market Risk

Not very risky

Chance of Distress in 24 months

Quite high

30 Days Economic Sensitivity

Almost neglects market

Investment Outlook

DNB ASA Investment Opportunity
DNB ASA has a volatility of 1.76 and is 3.03 times more volatile than DOW. 16% 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 16 (%) of all global equities and portfolios over the last 30 days. Use DNB ASA to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of DNB ASA to be traded at $21.62 in 30 days. As returns on market increase, DNB ASA returns are expected to increase less than the market. However during bear market, the loss on holding DNB ASA will be expected to be smaller as well.

DNB ASA correlation with market

Significant 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.
Additionally see Investing Opportunities. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
vendors/bower_components/jquery.easy-pie-chart/dist/jquery.easypiechart.min.js">