Macroaxis considers Macys not very risky given 1 month investment horizon. Macys has Sharpe Ratio of 0.1238 which conveys that Macys had 0.1238% of return per unit of risk over the last 1 month. Our philosophy towards estimating 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-one technical indicators for Macys which you can use to evaluate future volatility of the firm. Please exercise Macys Downside Deviation of 2.76, Mean Deviation of 1.83 and Risk Adjusted Performance of 0.01 to check out if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Macys Technical Analysis
Projected Return Density Against MarketTaking into account the 30 trading days horizon, Macys has beta of 0.0 indicating unless we do not have required data, the returns on DOW and Macys are completely uncorrelated. Furthermore, MacysIt does not look like Macys alpha can have any bearing on the equity current valuation.
Predicted Return Density