We consider Enterprise Bancorp not too volatile. Enterprise Bancorp secures Sharpe Ratio (or Efficiency) of 0.0492 which denotes the organization had 0.0492% of return per unit of risk over the last 3 months. Our philosophy towards predicting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Enterprise Bancorp which you can use to evaluate future volatility of the firm. Please confirm Enterprise Bancorp Mean Deviation of 1.59 and Coefficient Of Variation of
(18,423) to check if risk estimate we provide are consistent with the epected return of 0.1045%.
90 Days Market Risk
Not too volatile
Chance of Distress in 24 months
90 Days Economic Sensitivity
Almost mirrors market
|Horizon||30 Days Login to change|
Enterprise Bancorp Market Sensitivity
|Enterprise Bancorp returns are very sensitive to returns on the market. As market goes up or down, Enterprise Bancorp is expected to follow. 3 Months Beta |Analyze Enterprise Bancorp Demand TrendCheck current 30 days Enterprise Bancorp correlation with market (DOW)|
β = 1.1408
Enterprise Bancorp Central Daily Price Deviation
Enterprise Bancorp Technical Analysis
Enterprise Bancorp Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.1408 suggesting Enterprise Bancorp market returns are sensitive to returns on the market. As the market goes up or down, Enterprise Bancorp is expected to follow. Moreover, The company has an alpha of 0.0132 implying that it can potentially generate 0.0132% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Given the investment horizon of 30 days, the coefficient of variation of Enterprise Bancorp is 2031.01. The daily returns are destributed with a variance of 4.51 and standard deviation of 2.12. The mean deviation of Enterprise Bancorp is currently at 1.54. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
|Alpha over DOW||=||0.0132|
|Beta against DOW||=||1.14|
Enterprise Bancorp Return Volatilitythe company inherits 2.1226% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.9844% risk (volatility on return distribution) over the 30 days horizon.
Enterprise Bancorp Investment Opportunity
Enterprise Bancorp has a volatility of 2.12 and is 2.16 times more volatile than DOW. 19 of all equities and portfolios are less risky than Enterprise Bancorp. Compared to the overall equity markets, volatility of historical daily returns of Enterprise Bancorp is lower than 19 () of all global equities and portfolios over the last 30 days. Use Enterprise Bancorp to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Enterprise Bancorp to be traded at $32.48 in 30 days. . Enterprise Bancorp returns are very sensitive to returns on the market. As market goes up or down, Enterprise Bancorp is expected to follow.
Enterprise Bancorp correlation with market
Enterprise Bancorp Current Risk Indicators
|Risk Adjusted Performance||2.0E-4|
|Market Risk Adjusted Performance||(0.00909)|
|Coefficient Of Variation||(18,423)|
Enterprise Bancorp Suggested Diversification Pairs