We consider DXP Enterprises not very risky. DXP Enterprises Inc secures Sharpe Ratio (or Efficiency) of 0.0467 which denotes DXP Enterprises Inc had 0.0467% of return per unit of risk over the last 1 month. Our philosophy in 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 DXP Enterprises Inc which you can use to evaluate future volatility of the firm. Please confirm DXP Enterprises Inc Semi Deviation of 2.35, Mean Deviation of 1.87 and Downside Deviation of 2.52 to check if risk estimate we provide are consistent with the epected return of 0.1222%.
|Investment Horizon||30 Days Login to change|
DXP Enterprises Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, DXP Enterprises will likely underperform.One Month Beta |Analyze DXP Enterprises Inc Demand TrendCheck current 30 days DXP Enterprises correlation with market (DOW)|
β = 1.9093
DXP Enterprises Inc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.9093 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, DXP Enterprises will likely underperform. 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 2139.72. The daily returns are destributed with a variance of 6.83 and standard deviation of 2.61. The mean deviation of DXP Enterprises Inc is currently at 2.01. For similar time horizon, the selected benchmark (DOW) has volatility of 0.51