DXP Enterprises Risk Analysis And Volatility Evaluation

DXPE -- USA Stock  

USD 40.61  0.06  0.15%

Macroaxis considers DXP Enterprises to be not too volatile. DXP Enterprises secures Sharpe Ratio (or Efficiency) of -0.4513 which denotes DXP Enterprises had -0.4513% 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 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 Mean Deviation of 1.18 to check risk estimate we provide.
Horizon     30 Days    Login   to change

DXP Enterprises Market Sensitivity

As returns on market increase, returns on owning DXP Enterprises are expected to decrease at a much smaller rate. During bear market, DXP Enterprises is likely to outperform the market.
One Month Beta |Analyze DXP Enterprises Demand Trend
Check current 30 days DXP Enterprises correlation with market (DOW)
β = -0.2429
DXP Enterprises Almost negative betaDXP Enterprises Beta Legend

DXP Enterprises Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. DXP Enterprises Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

DXP Enterprises Projected Return Density Against Market

Given the investment horizon of 30 days, DXP Enterprises has beta of -0.2429 suggesting as returns on benchmark increase, returns on holding DXP Enterprises are expected to decrease at a much smaller rate. During bear market, however, DXP Enterprises is likely to outperform the market. Additionally, DXP Enterprises has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of DXP Enterprises is -221.6. The daily returns are destributed with a variance of 2.31 and standard deviation of 1.52. The mean deviation of DXP Enterprises is currently at 1.15. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44
α
Alpha over DOW
=0.77
β
Beta against DOW=0.24
σ
Overall volatility
=1.52
Ir
Information ratio =0.55

DXP Enterprises Return Volatility

DXP Enterprises inherits 1.5207% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.4448% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

DXP Enterprises Volatility Factors

30 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Almost neglects market

Investment Outlook

DXP Enterprises Investment Opportunity

DXP Enterprises has a volatility of 1.52 and is 3.45 times more volatile than DOW. 13% of all equities and portfolios are less risky than DXP Enterprises. Compared to the overall equity markets, volatility of historical daily returns of DXP Enterprises is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use DXP Enterprises to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of DXP Enterprises to be traded at $40.2 in 30 days. As returns on market increase, returns on owning DXP Enterprises are expected to decrease at a much smaller rate. During bear market, DXP Enterprises is likely to outperform the market.

DXP Enterprises correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding DXP Enterprises Inc and equity matching DJI index in the same portfolio.

DXP Enterprises Volatility Indicators

DXP Enterprises Current Risk Indicators

Additionally see Investing Opportunities. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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