Macroaxis considers Edwards Lifesciences not too risky given 1 month investment horizon. Edwards Lifesciences secures Sharpe Ratio (or Efficiency) of 0.1921 which denotes Edwards Lifesciences had 0.1921% 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 Edwards Lifesciences Corporation which you can use to evaluate future volatility of the firm. Please utilize Edwards Lifesciences Coefficient Of Variation of 501.88, Mean Deviation of 1.25 and Downside Deviation of 2.5 to check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Edwards Lifesciences Market Sensitivity
|As returns on market increase, Edwards Lifesciences returns are expected to increase less than the market. However during bear market, the loss on holding Edwards Lifesciences will be expected to be smaller as well.One Month Beta |Analyze Edwards Lifesciences Demand TrendCheck current 30 days Edwards Lifesciences correlation with market (DOW)|
β = 0.6816
Edwards Lifesciences Technical Analysis
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Edwards Lifesciences has beta of 0.6816 suggesting as returns on market go up, Edwards Lifesciences average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Edwards Lifesciences Corporation will be expected to be much smaller as well. Moreover, Edwards Lifesciences Corporation has an alpha of 0.5067 implying that it can potentially generate 0.5067% 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 520.61. The daily returns are destributed with a variance of 3.93 and standard deviation of 1.98. The mean deviation of Edwards Lifesciences Corporation is currently at 1.3. For similar time horizon, the selected benchmark (DOW) has volatility of 1.71