Macroaxis considers Accenture plc to be not too risky. Accenture plc secures Sharpe Ratio (or Efficiency) of -0.0932 which signifies that Accenture plc had -0.0932% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Accenture plc exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Accenture plc Mean Deviation of 1.58 and Risk Adjusted Performance of
(0.25) to double-check risk estimate we provide.
|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. 2 Months Beta |Analyze Accenture plc Demand TrendCheck current 30 days Accenture plc correlation with market (DOW)|
β = 0.9474
Accenture plc Central Daily Price Deviation
Accenture plc Technical Analysis
Accenture plc Projected Return Density Against MarketConsidering 30-days investment horizon, Accenture plc has beta of 0.9474 . 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. Additionally, Accenture plc 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
Considering 30-days investment horizon, the coefficient of variation of Accenture plc is -1072.92. The daily returns are destributed with a variance of 5.1 and standard deviation of 2.26. The mean deviation of Accenture plc is currently at 1.67. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
|Alpha over DOW||=||0.11|
|Beta against DOW||=||0.95|
Accenture plc Return VolatilityAccenture plc has volatility of 2.2591% on return distribution over 30 days investment horizon. DOW inherits 2.0465% risk (volatility on return distribution) over the 30 days horizon.
Accenture plc has a volatility of 2.26 and is 1.1 times more volatile than DOW. 20% 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 20 (%) of all global equities and portfolios over the last 30 days. Use Accenture plc to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Accenture plc to be traded at $178.18 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