Macroaxis considers Veritiv not too volatile given 1 month investment horizon. Veritiv owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.3301 which indicates Veritiv had 0.3301% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By inspecting Veritiv technical indicators you can presently evaluate if the expected return of 0.8295% is justified by implied risk. Please operate Veritiv Semi Deviation of 1.27, Coefficient Of Variation of 322.4 and Risk Adjusted Performance of 0.1615 to confirm if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Veritiv Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Veritiv will likely underperform.One Month Beta |Analyze Veritiv Demand TrendCheck current 30 days Veritiv correlation with market (DOW)|
β = 2.4117
Veritiv Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 2.4117 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Veritiv will likely underperform. Moreover, Veritiv Corporation has an alpha of 0.2725 implying that it can potentially generate 0.2725% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Veritiv is 302.93. The daily returns are destributed with a variance of 6.31 and standard deviation of 2.51. The mean deviation of Veritiv Corporation is currently at 1.85. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49