Macroaxis considers International Business to be not too risky. International Business holds Efficiency (Sharpe) Ratio of -0.1228 which attests that International Business had -0.1228% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining 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. International Business exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out International Business Market Risk Adjusted Performance of
(0.27) and Risk Adjusted Performance of (0.14) to validate risk estimate we provide.
|Horizon||30 Days Login to change|
International Business Market Sensitivity
|International Business returns are very sensitive to returns on the market. As market goes up or down, International Business is expected to follow.2 Months Beta |Analyze International Business Demand TrendCheck current 30 days International Business correlation with market (DOW)|
β = 0.9164
International Business Central Daily Price Deviation
International Business Technical Analysis
International Business Projected Return Density Against MarketConsidering 30-days investment horizon, International Business has beta of 0.9164 . This indicates International Business Machines Corporation market returns are very sensitive to returns on the market. As the market benchmark goes up or down, International Business is expected to follow. Additionally, International Business Machines Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of International Business is -814.52. The daily returns are destributed with a variance of 3.09 and standard deviation of 1.76. The mean deviation of International Business Machines Corporation is currently at 1.35. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.15|
|Beta against DOW||=||0.92|
International Business Return VolatilityInternational Business Machines Corporation has volatility of 1.7574% on return distribution over 30 days investment horizon. DOW inherits 1.2829% risk (volatility on return distribution) over the 30 days horizon.
International Business Machines Corporation has a volatility of 1.76 and is 1.38 times more volatile than DOW. 15% of all equities and portfolios are less risky than International Business. Compared to the overall equity markets, volatility of historical daily returns of International Business Machines Corporation is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use International Business Machines Corporation to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of International Business to be traded at $114.18 in 30 days. International Business returns are very sensitive to returns on the market. As market goes up or down, International Business is expected to follow.
International Business correlation with market