Macroaxis considers Dell Technologies not too risky given 1 month investment horizon. Dell Technologies C secures Sharpe Ratio (or Efficiency) of 0.4659 which denotes Dell Technologies C had 0.4659% 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. We have found twenty-eight technical indicators for Dell Technologies Inc Class V which you can use to evaluate future volatility of the firm. Please utilize Dell Technologies C Coefficient Of Variation of 209.04 and Mean Deviation of 0.4129 to check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Dell Technologies Market Sensitivity
|As returns on market increase, Dell Technologies returns are expected to increase less than the market. However during bear market, the loss on holding Dell Technologies will be expected to be smaller as well.One Month Beta |Analyze Dell Technologies C Demand TrendCheck current 30 days Dell Technologies correlation with market (DOW)|
β = 0.4785
Projected Return Density Against MarketGiven the investment horizon of 30 days, Dell Technologies has beta of 0.4785 suggesting as returns on market go up, Dell Technologies average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Dell Technologies Inc Class V will be expected to be much smaller as well. Moreover, Dell Technologies Inc Class V has an alpha of 0.2087 implying that it can potentially generate 0.2087% 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 214.63. The daily returns are destributed with a variance of 0.33 and standard deviation of 0.57. The mean deviation of Dell Technologies Inc Class V is currently at 0.41. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23