We consider Veritiv not too volatile. Veritiv owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0023 which indicates Veritiv had 0.0023% 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. We have found twenty-one technical indicators for Veritiv Corporation which you can use to evaluate future volatility of the company. Please validate Veritiv Semi Deviation of 2.04, Coefficient Of Variation of 15503.89 and Risk Adjusted Performance of 0.0108 to confirm if risk estimate we provide are consistent with the epected return of 0.0053%.
|Time Horizon||30 Days Login to change|
Veritiv Market Sensitivity
|As returns on market increase, Veritiv returns are expected to increase less than the market. However during bear market, the loss on holding Veritiv will be expected to be smaller as well.One Month Beta |Analyze Veritiv Demand TrendCheck current 30 days Veritiv correlation with market (DOW)|
β = 0.4707
Veritiv Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Veritiv has beta of 0.4707 . This entails as returns on market go up, Veritiv average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Veritiv Corporation will be expected to be much smaller as well. Additionally, Veritiv Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of Veritiv is 43175.24. The daily returns are destributed with a variance of 5.25 and standard deviation of 2.29. The mean deviation of Veritiv Corporation is currently at 1.61. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44