We consider Arrow Electronics not too risky. Arrow Electronics Inc secures Sharpe Ratio (or Efficiency) of 5.0E-4 which signifies that Arrow Electronics Inc had 5.0E-4% of return per unit of risk over the last 1 month. Our philosophy towards 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-one technical indicators for Arrow Electronics Inc which you can use to evaluate future volatility of the firm. Please confirm Arrow Electronics Inc Downside Deviation of 1.49, Risk Adjusted Performance of 0.0811 and Mean Deviation of 1.02 to double-check if risk estimate we provide are consistent with the epected return of 8.0E-4%.
|Time Horizon||30 Days Login to change|
Arrow Electronics Market Sensitivity
|As returns on market increase, returns on owning Arrow Electronics are expected to decrease at a much smaller rate. During bear market, Arrow Electronics is likely to outperform the market.One Month Beta |Analyze Arrow Electronics Inc Demand TrendCheck current 30 days Arrow Electronics correlation with market (DOW)|
β = -0.2241
Arrow Electronics Inc Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Arrow Electronics Inc has beta of -0.2241 . This suggests as returns on benchmark increase, returns on holding Arrow Electronics are expected to decrease at a much smaller rate. During bear market, however, Arrow Electronics Inc is likely to outperform the market. Moreover, Arrow Electronics Inc has an alpha of 0.0744 implying that it can potentially generate 0.0744% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Arrow Electronics is 190099.63. The daily returns are destributed with a variance of 2.09 and standard deviation of 1.44. The mean deviation of Arrow Electronics Inc is currently at 1.01. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12