|Horizon||30 Days Login to change|
Microsoft Market Sensitivity
|As returns on market increase, returns on owning Microsoft are expected to decrease at a much smaller rate. During bear market, Microsoft is likely to outperform the market.One Month Beta |Analyze Microsoft Demand TrendCheck current 30 days Microsoft correlation with market (DOW)|
β = -0.0194
Microsoft Technical Analysis
Microsoft Projected Return Density Against MarketGiven the investment horizon of 30 days, Microsoft Corporation has beta of -0.0194 indicating as returns on benchmark increase, returns on holding Microsoft are expected to decrease at a much smaller rate. During bear market, however, Microsoft Corporation is likely to outperform the market. Moreover, Microsoft Corporation has an alpha of 0.2744 implying that it can potentially generate 0.2744% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Microsoft Return VolatilityMicrosoft Corporation inherits 1.137% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.