Accenture plc Risk Analysis

Accenture plc -- USA Stock  

USD 152.41  2.18  1.41%

Macroaxis considers Accenture plc to be not too risky. Accenture plc secures Sharpe Ratio (or Efficiency) of -0.0503 which signifies that Accenture plc had -0.0503% 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-one 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 1.41 and Risk Adjusted Performance of 0.11 to double-check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Accenture plc Market Sensitivity

As returns on market increase, Accenture plc returns are expected to increase less than the market. However during bear market, the loss on holding Accenture plc will be expected to be smaller as well.
2 Months Beta |Analyze Accenture plc Demand Trend
Check current 30 days Accenture plc correlation with market (DOW)
β = 0.2151
Accenture plc Small 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 thirty-nine. 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 0.2151 . This suggests as returns on market go up, Accenture plc average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Accenture plc will be expected to be much smaller as well. 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 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Accenture plc is -1989.19. The daily returns are destributed with a variance of 3.96 and standard deviation of 1.99. The mean deviation of Accenture plc is currently at 1.42. For similar time horizon, the selected benchmark (DOW) has volatility of 1.68
α
Alpha over DOW
=0.12
β
Beta against DOW=0.22
σ
Overall volatility
=1.99
Ir
Information ratio =0.02

Actual Return Volatility

Accenture plc has volatility of 1.9894% on return distribution over 30 days investment horizon. DOW inherits 1.3999% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Accenture plc Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

About average

60 Days Economic Sensitivity

Slowly supersedes market

Total Debt

Accenture plc Total Debt History

Total Debt

Investment Outlook

Accenture plc Investment Opportunity
Accenture plc has a volatility of 1.99 and is 1.42 times more volatile than DOW. 18% 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 18 (%) of all global equities and portfolios over the last 30 days. Use Accenture plc to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Accenture plc to be traded at $147.84 in 30 days. As returns on market increase, Accenture plc returns are expected to increase less than the market. However during bear market, the loss on holding Accenture plc will be expected to be smaller as well.

Accenture plc correlation with market

Average 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.
Check also Trending Equities. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.