Macroaxis considers DXP Enterprises to be not too volatile. DXP Enterprises Inc secures Sharpe Ratio (or Efficiency) of -0.351 which denotes DXP Enterprises Inc had -0.351% of return per unit of risk over the last 1 month. Macroaxis philosophy in predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. DXP Enterprises Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DXP Enterprises Inc Mean Deviation of 1.22 to check risk estimate we provide.
|Time Horizon||30 Days Login to change|
DXP Enterprises Market Sensitivity
|As returns on market increase, DXP Enterprises returns are expected to increase less than the market. However during bear market, the loss on holding DXP Enterprises will be expected to be smaller as well.One Month Beta |Analyze DXP Enterprises Inc Demand TrendCheck current 30 days DXP Enterprises correlation with market (DOW)|
β = 0.6864
DXP Enterprises Inc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, DXP Enterprises has beta of 0.6864 suggesting as returns on market go up, DXP Enterprises average returns are expected to increase less than the benchmark. However during bear market, the loss on holding DXP Enterprises Inc will be expected to be much smaller as well. Additionally, DXP Enterprises Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of DXP Enterprises is -284.88. The daily returns are destributed with a variance of 2.52 and standard deviation of 1.59. The mean deviation of DXP Enterprises Inc is currently at 1.19. For similar time horizon, the selected benchmark (DOW) has volatility of 1.71