|Horizon||30 Days Login to change|
Apply Advanced Market Sensitivity
|As returns on market increase, returns on owning Apply Advanced are expected to decrease at a much smaller rate. During bear market, Apply Advanced is likely to outperform the market.One Month Beta |Analyze Apply Advanced Mobile Demand TrendCheck current 30 days Apply Advanced correlation with market (DOW)|
β = -0.7095
Apply Advanced Mobile Technical Analysis
Apply Advanced Projected Return Density Against MarketAssuming 30 trading days horizon, Apply Advanced Mobile Technologies Ltd has beta of -0.7095 . This suggests as returns on benchmark increase, returns on holding Apply Advanced are expected to decrease at a much smaller rate. During bear market, however, Apply Advanced Mobile Technologies Ltd is likely to outperform the market. Additionally, Apply Advanced Mobile Technologies Ltd 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
Apply Advanced Return VolatilityApply Advanced Mobile Technologies Ltd accepts 2.4944% volatility on return distribution over the 30 days horizon. DOW inherits 1.0565% risk (volatility on return distribution) over the 30 days horizon.