Projected Return Density against MarketGiven investment horizon of 30 days, Trimble has beta of 0.72 . This entails as returns on market go up, Trimble avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Trimble Navigation Limited will be expected to be much smaller as well. Additionally, Trimble Navigation Limited has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500 Given investment horizon of 30 days, the coefficient of variation of Trimble is -2405.35. The daily returns are destributed with a variance of 2.16 and standard deviation of 1.47. The mean deviation of Trimble Navigation Limited is currently at 1.1. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.52
Actual Return VolatilityTrimble Navigation Limited inherits 1.47% risk (volatility on return distribution) over the 30 days horizon. S&P 500 shows 0.52% volatility of returns over 30 trading days.
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Trimble Navigation Limited has a volatility of 1.47 and is 2.83 times more volatile than S&P 500. 15% of all equities and portfolios are less risky than Trimble. Compared with the overall equity markets, volatility of historical daily returns of Trimble Navigation Limited is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use Trimble Navigation Limited to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Trimble to be traded at $31.41 in 30 days. As returns on market increase, Trimble returns are expected to increase less than the market. However during bear market, the loss on holding Trimble will be expected to be smaller as well.
Trimble correlation with market
Trimble Current Risk Indicators
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