We consider Edwards Lifesciences not too risky. Edwards Lifesciences secures Sharpe Ratio (or Efficiency) of 0.1607 which denotes Edwards Lifesciences had 0.1607% 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-eight technical indicators for Edwards Lifesciences Corporation which you can use to evaluate future volatility of the firm. Please confirm Edwards Lifesciences Coefficient Of Variation of 608.9, Mean Deviation of 0.7841 and Downside Deviation of 1.19 to check if risk estimate we provide are consistent with the epected return of 0.1557%.
|Time Horizon||30 Days Login to change|
Edwards Lifesciences Market Sensitivity
|As returns on market increase, returns on owning Edwards Lifesciences are expected to decrease at a much smaller rate. During bear market, Edwards Lifesciences is likely to outperform the market.One Month Beta |Analyze Edwards Lifesciences Demand TrendCheck current 30 days Edwards Lifesciences correlation with market (DOW)|
β = -0.1549
Edwards Lifesciences Technical Analysis
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Edwards Lifesciences Corporation has beta of -0.1549 suggesting as returns on benchmark increase, returns on holding Edwards Lifesciences are expected to decrease at a much smaller rate. During bear market, however, Edwards Lifesciences Corporation is likely to outperform the market. Moreover, Edwards Lifesciences Corporation has an alpha of 0.1419 implying that it can potentially generate 0.1419% excess return over DOW after adjusting for the inherited market risk (beta).
Allowing for the 30-days total investment horizon, the coefficient of variation of Edwards Lifesciences is 622.35. The daily returns are destributed with a variance of 0.94 and standard deviation of 0.97. The mean deviation of Edwards Lifesciences Corporation is currently at 0.76. For similar time horizon, the selected benchmark (DOW) has volatility of 1.04