|Horizon||30 Days Login to change|
Macys Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Macys will likely underperform.One Month Beta |Analyze Macys Demand TrendCheck current 30 days Macys correlation with market (DOW)|
β = 1.2083
Macys Central Daily Price Deviation
Macys Technical Analysis
Macys Projected Return Density Against MarketTaking into account the 30 trading days horizon, the stock has beta coefficient of 1.2083 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Macys will likely underperform. Moreover, Macys has an alpha of 0.3123 implying that it can potentially generate 0.3123% excess return over DOW after adjusting for the inherited market risk (beta).
Macys Return VolatilityMacys accepts 3.0814% volatility on return distribution over the 30 days horizon. DOW inherits 1.2054% risk (volatility on return distribution) over the 30 days horizon.