Macroaxis considers Dell Technologies not too risky given 1 month investment horizon. Dell Technologies Inc secures Sharpe Ratio (or Efficiency) of 0.5335 which denotes Dell Technologies Inc had 0.5335% 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 0.5867% 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, 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 Inc Demand TrendCheck current 30 days Dell Technologies correlation with market (DOW)|
β = 0.2193
Dell Technologies Inc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Dell Technologies has beta of 0.2193 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 will be expected to be much smaller as well. Moreover, Dell Technologies Inc has an alpha of 0.4931 implying that it can potentially generate 0.4931% 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 187.44. The daily returns are destributed with a variance of 1.21 and standard deviation of 1.1. The mean deviation of Dell Technologies Inc is currently at 0.83. For similar time horizon, the selected benchmark (DOW) has volatility of 1.17