Macroaxis considers ATT to be not too risky. ATT Inc secures Sharpe Ratio (or Efficiency) of -0.0155 which signifies that ATT Inc had -0.0155% of return per unit of risk over the last 1 month. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ATT Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ATT Inc Mean Deviation of 0.7432 and Risk Adjusted Performance of 0.0918 to double-check risk estimate we provide.
|Time Horizon||30 Days Login to change|
ATT Market Sensitivity
|As returns on market increase, returns on owning ATT are expected to decrease at a much smaller rate. During bear market, ATT is likely to outperform the market.One Month Beta |Analyze ATT Inc Demand TrendCheck current 30 days ATT correlation with market (DOW)|
β = -0.0251
ATT Inc Technical Analysis
Projected Return Density Against MarketTaking into account the 30 trading days horizon, ATT Inc has beta of -0.0251 . This entails as returns on benchmark increase, returns on holding ATT are expected to decrease at a much smaller rate. During bear market, however, ATT Inc is likely to outperform the market. Moreover, ATT Inc has an alpha of 0.0678 implying that it can potentially generate 0.0678% 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 -6437.03. The daily returns are destributed with a variance of 0.89 and standard deviation of 0.94. The mean deviation of ATT Inc is currently at 0.73. For similar time horizon, the selected benchmark (DOW) has volatility of 1.17