Macroaxis considers Agilent Technologies not too risky given 1 month investment horizon. Agilent Technologies Inc secures Sharpe Ratio (or Efficiency) of 0.4206 which signifies that Agilent Technologies Inc had 0.4206% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing 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 technical indicators for Agilent Technologies Inc which you can use to evaluate future volatility of the firm. Please makes use of Agilent Technologies Inc Coefficient Of Variation of 286.18, Risk Adjusted Performance of 0.1602 and Mean Deviation of 0.7956 to double-check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Agilent Technologies Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Agilent Technologies will likely underperform.One Month Beta |Analyze Agilent Technologies Inc Demand TrendCheck current 30 days Agilent Technologies correlation with market (DOW)|
β = 1.2203
Agilent Technologies Inc Technical Analysis
Projected Return Density Against MarketTaking into account the 30 trading days horizon, the stock has beta coefficient of 1.2203 . 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, Agilent Technologies will likely underperform. Moreover, Agilent Technologies Inc has an alpha of 0.0768 implying that it can potentially generate 0.0768% excess return over DOW after adjusting for the inherited market risk (beta).
Taking into account the 30 trading days horizon, the coefficient of variation of Agilent Technologies is 237.76. The daily returns are destributed with a variance of 1.19 and standard deviation of 1.09. The mean deviation of Agilent Technologies Inc is currently at 0.89. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44