Barnes Risk Analysis And Volatility

B -- USA Stock  

Fiscal Quarter End: December 31, 2019  

Macroaxis considers Barnes not too volatile given 3 months investment horizon. Barnes Group secures Sharpe Ratio (or Efficiency) of 0.1799 which signifies that the organization had 0.1799% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Barnes Group which you can use to evaluate future volatility of the firm. Please makes use of Barnes Group Mean Deviation of 1.64, Risk Adjusted Performance of 0.1277 and Downside Deviation of 1.71 to double-check if our risk estimates are consistent with your expectations.
Interest Expense

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Below average

90 Days Economic Sensitivity

Actively responds to market
Horizon     30 Days    Login   to change

Barnes Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Barnes will likely underperform.
3 Months Beta |Analyze Barnes Group Demand Trend
Check current 30 days Barnes correlation with market (DOW)
β = 1.7683

Barnes Central Daily Price Deviation

Barnes Group Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of Barnes Group high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only Barnes closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

Barnes Projected Return Density Against Market

Taking into account the 30 trading days horizon, the stock has beta coefficient of 1.7683 . 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, Barnes will likely underperform. Moreover, The company has an alpha of 0.2321 implying that it can potentially generate 0.2321% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Taking into account the 30 trading days horizon, the coefficient of variation of Barnes is 556.02. The daily returns are destributed with a variance of 6.02 and standard deviation of 2.45. The mean deviation of Barnes Group is currently at 1.66. For similar time horizon, the selected benchmark (DOW) has volatility of 0.72
α
Alpha over DOW
=0.23
β
Beta against DOW=1.77
σ
Overall volatility
=2.45
Ir
Information ratio =0.13

Barnes Return Volatility

the company accepts 2.4542% volatility on return distribution over the 30 days horizon. the entity inherits 0.7152% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Barnes Investment Opportunity

Barnes Group has a volatility of 2.45 and is 3.4 times more volatile than DOW. 22  of all equities and portfolios are less risky than Barnes. Compared to the overall equity markets, volatility of historical daily returns of Barnes Group is lower than 22 () of all global equities and portfolios over the last 30 days. Use Barnes Group to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Barnes to be traded at $57.86 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Barnes will likely underperform.

Barnes correlation with market

correlation synergy
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Barnes Group Inc and equity matching DJI index in the same portfolio.

Barnes Current Risk Indicators

Barnes Suggested Diversification Pairs

Check also Trending Equities. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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