|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 = -0.6471
Edwards Lifesciences Technical Analysis
Edwards Lifesciences Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Edwards Lifesciences Corporation has beta of -0.6471 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 0.3161 implying that it can potentially generate 0.3161% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Edwards Lifesciences Return VolatilityEdwards Lifesciences Corporation accepts 0.9497% volatility on return distribution over the 30 days horizon. DOW inherits 0.3914% risk (volatility on return distribution) over the 30 days horizon.