Macroaxis considers DarioHealth Corp extremely risky given 1 month investment horizon. DarioHealth Corp secures Sharpe Ratio (or Efficiency) of 0.167 which denotes DarioHealth Corp had 0.167% 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 DarioHealth Corp technical indicators you can presently evaluate if the expected return of 0.9301% is justified by implied risk. Please utilize DarioHealth Corp Coefficient Of Variation of 598.77, Mean Deviation of 3.37 and Downside Deviation of 3.92 to check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
DarioHealth Corp Market Sensitivity
|As returns on market increase, returns on owning DarioHealth Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, DarioHealth Corp is expected to significantly outperform it.One Month Beta |Analyze DarioHealth Corp Demand TrendCheck current 30 days DarioHealth Corp correlation with market (DOW)|
β = -5.2052
Projected Return Density Against MarketGiven the investment horizon of 30 days, DarioHealth Corp has beta of -5.2052 suggesting as returns on its benchmark rise, returns on holding DarioHealth Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, DarioHealth Corp is expected to outperform its benchmark. In addition to that, DarioHealth Corp has an alpha of 1.6496 implying that it can potentially generate 1.6496% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of DarioHealth Corp is 598.76. The daily returns are destributed with a variance of 31.02 and standard deviation of 5.57. The mean deviation of DarioHealth Corp is currently at 3.37. For similar time horizon, the selected benchmark (DOW) has volatility of 0.26