Macroaxis considers Dell Technologies not too risky given 1 month investment horizon. Dell Technologies C secures Sharpe Ratio (or Efficiency) of 0.2637 which denotes Dell Technologies C had 0.2637% 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 319.21, Mean Deviation of 1.13 and Downside Deviation of 0.893 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 C Demand TrendCheck current 30 days Dell Technologies correlation with market (DOW)|
β = -0.2198
Dell Technologies C Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Dell Technologies Inc Class V has beta of -0.2198 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 Class V is likely to outperform the market. Moreover, Dell Technologies Inc Class V has an alpha of 0.4998 implying that it can potentially generate 0.4998% 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 379.25. The daily returns are destributed with a variance of 1.17 and standard deviation of 1.08. The mean deviation of Dell Technologies Inc Class V is currently at 0.84. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39