Macroaxis considers Dell Technologies not too risky given 1 month investment horizon. Dell Technologies C secures Sharpe Ratio (or Efficiency) of 0.8614 which denotes Dell Technologies C had 0.8614% 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 176.61 and Mean Deviation of 0.4031 to check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Dell Technologies Market Sensitivity
|Dell Technologies returns are very sensitive to returns on the market. As market goes up or down, Dell Technologies is expected to follow.One Month Beta |Analyze Dell Technologies C Demand TrendCheck current 30 days Dell Technologies correlation with market (DOW)|
β = 0.9599
Projected Return Density Against MarketGiven the investment horizon of 30 days, Dell Technologies has beta of 0.9599 suggesting Dell Technologies Inc Class V market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Dell Technologies is expected to follow. Moreover, Dell Technologies Inc Class V has an alpha of 0.1389 implying that it can potentially generate 0.1389% 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 116.09. The daily returns are destributed with a variance of 0.2 and standard deviation of 0.44. The mean deviation of Dell Technologies Inc Class V is currently at 0.35. For similar time horizon, the selected benchmark (DOW) has volatility of 0.27