Macroaxis considers International Business not too risky given 1 month investment horizon. International Business holds Efficiency (Sharpe) Ratio of 0.2679 which attests that International Business had 0.2679% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By evaluating International Business technical indicators you can presently evaluate if the expected return of 0.5158% is justified by implied risk. Please utilize International Business Coefficient Of Variation of 373.3, Market Risk Adjusted Performance of
(12.48) and Risk Adjusted Performance of 0.0782 to validate if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
International Business Market Sensitivity
|As returns on market increase, returns on owning International Business are expected to decrease at a much smaller rate. During bear market, International Business is likely to outperform the market.One Month Beta |Analyze International Business Demand TrendCheck current 30 days International Business correlation with market (DOW)|
β = -0.0405
Projected Return Density Against MarketConsidering 30-days investment horizon, International Business Machines Corporation has beta of -0.0405 . This indicates as returns on benchmark increase, returns on holding International Business are expected to decrease at a much smaller rate. During bear market, however, International Business Machines Corporation is likely to outperform the market. Moreover, International Business Machines Corporation has an alpha of 0.5114 implying that it can potentially generate 0.5114% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of International Business is 373.3. The daily returns are destributed with a variance of 3.71 and standard deviation of 1.93. The mean deviation of International Business Machines Corporation is currently at 0.89. For similar time horizon, the selected benchmark (DOW) has volatility of 0.26