Our way in which we are foreseeing volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for 24464708 which you can use to evaluate future volatility of the entity. Please confirm 24464708 Standard Deviation of 6.66, Market Risk Adjusted Performance of 1.14 and Coefficient Of Variation of
(1,498) to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
24464708 Market Sensitivity
|As returns on market increase, returns on owning 24464708 are expected to decrease at a much smaller rate. During bear market, 24464708 is likely to outperform the market.2 Months Beta |Analyze 24464708 Demand TrendCheck current 30 days 24464708 correlation with market (DOW)|
β = -0.4015
24464708 Central Daily Price Deviation
24464708 Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
24464708 Projected Return Density Against MarketAssuming 30 trading days horizon, 24464708 has beta of -0.4015 . This suggests as returns on benchmark increase, returns on holding 24464708 are expected to decrease at a much smaller rate. During bear market, however, 24464708 is likely to outperform the market. Additionally, 24464708 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
|Alpha over DOW||=||0.52|
|Beta against DOW||=||0.4|
24464708 Return Volatility24464708 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3305% risk (volatility on return distribution) over the 30 days horizon.
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
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DOW has a standard deviation of returns of 1.33 and is 9.223372036854776E16 times more volatile than 24464708. 0% of all equities and portfolios are less risky than 24464708. Compared to the overall equity markets, volatility of historical daily returns of 24464708 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use 24464708 to protect against small markets fluctuations. The etf experiences very speculative upward sentiment.. Check odds of 24464708 to be traded at $23.52 in 30 days. As returns on market increase, returns on owning 24464708 are expected to decrease at a much smaller rate. During bear market, 24464708 is likely to outperform the market.
24464708 correlation with market
Check also Trending Equities. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.