Joy Global Risk Analysis

Joy Global Inc -- USA Stock  

USD 28.3  0.00  0.00%

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. We have found twenty technical indicators for Joy Global Inc which you can use to evaluate future volatility of the corporation. Please check out Joy Global Coefficient Of Variation of 550.73, Market Risk Adjusted Performance of (0.16) and Risk Adjusted Performance of 0.0517 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
Investment Horizon     30 Days    Login   to change

Joy Global Market Sensitivity

As returns on market increase, returns on owning Joy Global are expected to decrease at a much smaller rate. During bear market, Joy Global is likely to outperform the market.
One Month Beta |Analyze Joy Global Inc Demand Trend
Check current 30 days Joy Global correlation with market (DOW)
β = -0.0564
Joy Global Almost negative betaJoy Global Inc Beta Legend

Joy Global Inc Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Projected Return Density Against Market

Considering 30-days investment horizon, Joy Global Inc has beta of -0.0564 . This indicates as returns on benchmark increase, returns on holding Joy Global are expected to decrease at a much smaller rate. During bear market, however, Joy Global Inc is likely to outperform the market. Moreover, Joy Global Inc has an alpha of 0.0237 implying that it can potentially generate 0.0237% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0237
βBeta against DOW=0.06
σ
Overall volatility
=0.00
 IrInformation ratio =2.29

Actual Return Volatility

Joy Global Inc has volatility of 0.0% on return distribution over 30 days investment horizon. DOW inherits 0.4491% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Joy Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Total Debt

Joy Global Inc Total Debt History

Total Debt

Largest Trends

Joy Global Largest Period Trend
 28.22 
  
 28.16 
0.06  0.21%
Lowest period price (30 days)
 28.3 
  
 28.3 
0.00  0.00%
Highest period price (30 days)

Investment Outlook

Joy Global Investment Opportunity
DOW has a standard deviation of returns of 0.45 and is 9.223372036854776E16 times more volatile than Joy Global Inc. 0% of all equities and portfolios are less risky than Joy Global. Compared to the overall equity markets, volatility of historical daily returns of Joy Global Inc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Joy Global Inc to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Joy Global to be traded at $28.02 in 30 days. As returns on market increase, returns on owning Joy Global are expected to decrease at a much smaller rate. During bear market, Joy Global is likely to outperform the market.

Joy Global correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Joy Global Inc and equity matching DJI index in the same portfolio.

Volatility Indicators

Joy Global Current Risk Indicators