Macroaxis considers ATT not too risky given 1 month investment horizon. ATT Inc secures Sharpe Ratio (or Efficiency) of 0.3819 which signifies that ATT Inc had 0.3819% of return per unit of risk over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing ATT Inc technical indicators you can now evaluate if the expected return of 0.5221% is justified by implied risk. Please makes use of ATT Inc Mean Deviation of 1.1 and Risk Adjusted Performance of 0.1981 to double-check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
ATT Market Sensitivity
|ATT returns are very sensitive to returns on the market. As market goes up or down, ATT is expected to follow.One Month Beta |Analyze ATT Inc Demand TrendCheck current 30 days ATT correlation with market (DOW)|
β = 1.0561
ATT Inc Technical Analysis
Projected Return Density Against MarketTaking into account the 30 trading days horizon, the stock has beta coefficient of 1.0561 . This entails ATT Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, ATT is expected to follow. Moreover, ATT Inc has an alpha of 0.3009 implying that it can potentially generate 0.3009% excess return over DOW after adjusting for the inherited market risk (beta).
Taking into account the 30 trading days horizon, the coefficient of variation of ATT is 261.87. The daily returns are destributed with a variance of 1.87 and standard deviation of 1.37. The mean deviation of ATT Inc is currently at 1.1. For similar time horizon, the selected benchmark (DOW) has volatility of 0.5