|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 TrendCheck current 30 days DXP Enterprises correlation with market (DOW)|
β = -0.2429
DXP Enterprises Technical Analysis
DXP Enterprises Projected Return Density Against MarketGiven 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
DXP Enterprises Return VolatilityDXP 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.