Macroaxis considers Edwards Lifesciences to be not too risky. Edwards Lifesciences secures Sharpe Ratio (or Efficiency) of -0.0047 which denotes Edwards Lifesciences had -0.0047% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Edwards Lifesciences Corporation exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Edwards Lifesciences Coefficient Of Variation of 85984.8, Mean Deviation of 0.7367 and Downside Deviation of 1.06 to check risk estimate we provide.
|Investment 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 = 0.5208
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Edwards Lifesciences has beta of 0.5208 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. Additionally, Edwards Lifesciences Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Allowing for the 30-days total investment horizon, the coefficient of variation of Edwards Lifesciences is -21228.89. The daily returns are destributed with a variance of 0.88 and standard deviation of 0.94. The mean deviation of Edwards Lifesciences Corporation is currently at 0.71. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23