|Horizon||30 Days Login to change|
Saven Technologies Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Saven Technologies will likely underperform.One Month Beta |Analyze Saven Technologies Demand TrendCheck current 30 days Saven Technologies correlation with market (DOW)|
β = 3.4516
Saven Technologies Technical Analysis
Saven Technologies Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 3.4516 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Saven Technologies will likely underperform. Additionally, Saven Technologies Limited 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
Saven Technologies Return VolatilitySaven Technologies Limited accepts 3.3594% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.