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 TrendCheck current 30 days Accenture plc correlation with market (DOW)|
β = 0.8566
Accenture plc Technical Analysis
Projected Return Density Against MarketConsidering 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).
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