|Horizon||30 Days Login to change|
21046252 Market Sensitivity
|As returns on market increase, returns on owning 21046252 are expected to decrease at a much smaller rate. During bear market, 21046252 is likely to outperform the market.One Month Beta |Analyze 21046252 Demand TrendCheck current 30 days 21046252 correlation with market (DOW)|
β = -0.3129
21046252 Technical Analysis
21046252 Projected Return Density Against MarketAssuming 30 trading days horizon, 21046252 has beta of -0.3129 . This suggests as returns on benchmark increase, returns on holding 21046252 are expected to decrease at a much smaller rate. During bear market, however, 21046252 is likely to outperform the market. Moreover, 21046252 has an alpha of 0.0636 implying that it can potentially generate 0.0636% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density