Accenture plc Risk Analysis

Accenture plc -- USA Stock  

USD 160.94  0.81  0.5%

Macroaxis considers Accenture plc not too risky given 1 month investment horizon. Accenture plc secures Sharpe Ratio (or Efficiency) of 0.4153 which signifies that Accenture plc had 0.4153% of return per unit of standard deviation over the last 1 month. Our philosophy in 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 Accenture plc which you can use to evaluate future volatility of the firm. Please makes use of Accenture plc Mean Deviation of 0.5024 and Risk Adjusted Performance of 0.1957 to double-check if our risk estimates are consistent with your expectations.
 Time Horizon     30 Days    Login   to change

Accenture plc Market Sensitivity

Accenture plc returns are very sensitive to returns on the market. As market goes up or down, Accenture plc is expected to follow.
One Month Beta |Analyze Accenture plc Demand Trend
Check current 30 days Accenture plc correlation with market (DOW)
β = 0.8566
Accenture plc llmost one BetaAccenture plc Beta Legend

Accenture plc Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Accenture plc Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 30-days investment horizon, Accenture plc has beta of 0.8566 . This suggests Accenture plc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Accenture plc is expected to follow. Moreover, Accenture plc has an alpha of 0.0952 implying that it can potentially generate 0.0952% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Accenture plc is 240.79. The daily returns are destributed with a variance of 0.41 and standard deviation of 0.64. The mean deviation of Accenture plc is currently at 0.47. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44
α
Alpha over DOW
=0.0952
β
Beta against DOW=0.86
σ
Overall volatility
=0.64
Ir
Information ratio =0.0942

Actual Return Volatility

Accenture plc has volatility of 0.6368% on return distribution over 30 days investment horizon. DOW inherits 0.4559% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Accenture plc Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Follows market closely

Total Debt

Accenture plc Total Debt History

Total Debt

Largest Trends

Accenture plc Largest Period Trend
 154.43 
  
 153.09 
1.34  0.87%
Lowest period price (30 days)
 161.6 
  
 161.75 
0.15  0.092822%
Highest period price (30 days)

Investment Outlook

Accenture plc Investment Opportunity
Accenture plc has a volatility of 0.64 and is 1.39 times more volatile than DOW. 5% of all equities and portfolios are less risky than Accenture plc. Compared to the overall equity markets, volatility of historical daily returns of Accenture plc is lower than 5 (%) of all global equities and portfolios over the last 30 days. Use Accenture plc to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Accenture plc to be traded at $157.72 in 30 days. Accenture plc returns are very sensitive to returns on the market. As market goes up or down, Accenture plc is expected to follow.

Accenture plc correlation with market

Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Accenture plc and equity matching DJI index in the same portfolio.

Volatility Indicators

Accenture plc Current Risk Indicators