|Horizon||30 Days Login to change|
ADVT Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ADVT will likely underperform.One Month Beta |Analyze ADVT Demand TrendCheck current 30 days ADVT correlation with market (DOW)|
β = 1.1667
ADVT Technical Analysis
ADVT Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 1.1667 . 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, ADVT will likely underperform. In addition to that, ADVT has an alpha of 8.1596 implying that it can potentially generate 8.1596% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
ADVT Return VolatilityADVT accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.0568% risk (volatility on return distribution) over the 30 days horizon.