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Perrigo Company Risk Analysis And Volatility

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PRGO -- USA Stock  

Last Earning Anouncement Date: December 31, 2015  

Macroaxis considers Perrigo Company very steady given 3 months investment horizon. Perrigo Company maintains Sharpe Ratio (i.e. Efficiency) of 0.162 which implies the corporation had 0.162% of return per unit of risk over the last 3 months. Our philosophy towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Perrigo Company which you can use to evaluate future volatility of the company. Please employ Perrigo Company Semi Deviation of 0.9289, Coefficient Of Variation of 636.37 and Risk Adjusted Performance of 0.131 to confirm if our risk estimates are consistent with your expectations.

90 Days Market Risk

Very steady

Chance of Distress

Below Average

90 Days Economic Sensitivity

Slowly supersedes market

Perrigo Company Market Sensitivity

As returns on market increase, Perrigo Company returns are expected to increase less than the market. However during bear market, the loss on holding Perrigo Company will be expected to be smaller as well.
3 Months Beta |Analyze Perrigo Company Demand Trend
Check current 30 days Perrigo Company correlation with market (DOW)
β = 0.4517

Perrigo Company Central Daily Price Deviation

Perrigo Company Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Perrigo Company Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Perrigo Company Projected Return Density Against Market

Given the investment horizon of 30 days, Perrigo Company has beta of 0.4517 . This implies as returns on market go up, Perrigo Company average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Perrigo Company Plc will be expected to be much smaller as well. Moreover, The company has an alpha of 0.2745 implying that it can potentially generate 0.2745% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
    
  Returns 
Given the investment horizon of 30 days, the coefficient of variation of Perrigo Company is 617.1. The daily returns are destributed with a variance of 4.3 and standard deviation of 2.07. The mean deviation of Perrigo Company Plc is currently at 1.31. For similar time horizon, the selected benchmark (DOW) has volatility of 0.79
α
Alpha over DOW
=0.27
β
Beta against DOW=0.45
σ
Overall volatility
=2.07
Ir
Information ratio =0.11

Perrigo Company Return Volatility

the corporation inherits 2.0748% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.8015% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

Perrigo Company Investment Opportunity

Perrigo Company Plc has a volatility of 2.07 and is 2.59 times more volatile than DOW. 18  of all equities and portfolios are less risky than Perrigo Company. Compared to the overall equity markets, volatility of historical daily returns of Perrigo Company Plc is lower than 18 () of all global equities and portfolios over the last 30 days. Use Perrigo Company Plc to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Perrigo Company to be traded at $70.74 in 30 days. . As returns on market increase, Perrigo Company returns are expected to increase less than the market. However during bear market, the loss on holding Perrigo Company will be expected to be smaller as well.

Perrigo Company correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Perrigo Company Plc and equity matching DJI index in the same portfolio.

Perrigo Company Current Risk Indicators

Perrigo Company Suggested Diversification Pairs

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