We consider Equity LifeStyle not too risky. Equity LifeStyle Pro secures Sharpe Ratio (or Efficiency) of 0.0274 which denotes Equity LifeStyle Pro had 0.0274% of return per unit of risk over the last 1 month. Our philosophy towards 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-one technical indicators for Equity LifeStyle Properties Inc which you can use to evaluate future volatility of the firm. Please confirm Equity LifeStyle Pro Coefficient Of Variation of 3645.49, Mean Deviation of 0.5281 and Downside Deviation of 0.6889 to check if risk estimate we provide are consistent with the epected return of 0.0183%.
|Investment Horizon||30 Days Login to change|
Equity LifeStyle Market Sensitivity
|Equity LifeStyle returns are very sensitive to returns on the market. As market goes up or down, Equity LifeStyle is expected to follow.One Month Beta |Analyze Equity LifeStyle Pro Demand TrendCheck current 30 days Equity LifeStyle correlation with market (DOW)|
β = 0.9658
Projected Return Density Against MarketConsidering 30-days investment horizon, Equity LifeStyle has beta of 0.9658 suggesting Equity LifeStyle Properties Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Equity LifeStyle is expected to follow. Additionally, Equity LifeStyle Properties Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of Equity LifeStyle is 3644.01. The daily returns are destributed with a variance of 0.44 and standard deviation of 0.67. The mean deviation of Equity LifeStyle Properties Inc is currently at 0.53. For similar time horizon, the selected benchmark (DOW) has volatility of 0.26