Macroaxis considers Dell Technologies not too risky given 1 month investment horizon. Dell Technologies Inc secures Sharpe Ratio (or Efficiency) of 0.4977 which denotes Dell Technologies Inc had 0.4977% 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 Dell Technologies Inc technical indicators you can presently evaluate if the expected return of 0.5589% is justified by implied risk. Please utilize Dell Technologies Inc Coefficient Of Variation of 225.37 and Mean Deviation of 0.866 to check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Dell Technologies Market Sensitivity
|As returns on market increase, returns on owning Dell Technologies are expected to decrease at a much smaller rate. During bear market, Dell Technologies is likely to outperform the market.One Month Beta |Analyze Dell Technologies Inc Demand TrendCheck current 30 days Dell Technologies correlation with market (DOW)|
β = -0.0212
Dell Technologies Inc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Dell Technologies Inc has beta of -0.0212 suggesting as returns on benchmark increase, returns on holding Dell Technologies are expected to decrease at a much smaller rate. During bear market, however, Dell Technologies Inc is likely to outperform the market. Moreover, Dell Technologies Inc has an alpha of 0.4939 implying that it can potentially generate 0.4939% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Dell Technologies is 200.93. The daily returns are destributed with a variance of 1.26 and standard deviation of 1.12. The mean deviation of Dell Technologies Inc is currently at 0.84. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12