BHP Group Risk Analysis And Volatility

BHP -- USA Stock  

USD 51.35  0.16  0.31%

Macroaxis considers BHP Group to be very steady. BHP Group Limited secures Sharpe Ratio (or Efficiency) of -0.0644 which signifies that the organization had -0.0644% of return per unit of risk over the last 3 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. BHP Group Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BHP Group Limited Risk Adjusted Performance of (0.046784) and Mean Deviation of 1.11 to double-check risk estimate we provide.
Interest Expense

90 Days Market Risk

Very steady

Chance of Distress in 24 months

Below average

90 Days Economic Sensitivity

Almost mirrors market
Horizon     30 Days    Login   to change

BHP Group Market Sensitivity

BHP Group returns are very sensitive to returns on the market. As market goes up or down, BHP Group is expected to follow.
3 Months Beta |Analyze BHP Group Limited Demand Trend
Check current 30 days BHP Group correlation with market (DOW)
β = 0.9438

BHP Group Central Daily Price Deviation

BHP Group Limited Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. BHP Group Limited Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

BHP Group Projected Return Density Against Market

Considering 30-days investment horizon, BHP Group has beta of 0.9438 . This suggests BHP Group Limited market returns are highly reactive to returns on the market. As the market goes up or down, BHP Group is expected to follow. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. BHP Group Limited is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of BHP Group is -1551.99. The daily returns are destributed with a variance of 2.14 and standard deviation of 1.46. The mean deviation of BHP Group Limited is currently at 1.1. For similar time horizon, the selected benchmark (DOW) has volatility of 0.9
α
Alpha over DOW
=0.12
β
Beta against DOW=0.94
σ
Overall volatility
=1.46
Ir
Information ratio =0.08

BHP Group Return Volatility

the corporate body has volatility of 1.4633% on return distribution over 30 days investment horizon. the entity inherits 0.9088% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

BHP Group Investment Opportunity

BHP Group Limited has a volatility of 1.46 and is 1.6 times more volatile than DOW. 13% of all equities and portfolios are less risky than BHP Group. Compared to the overall equity markets, volatility of historical daily returns of BHP Group Limited is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use BHP Group Limited to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of BHP Group to be traded at $53.92 in 30 days. . BHP Group returns are very sensitive to returns on the market. As market goes up or down, BHP Group is expected to follow.

BHP Group correlation with market

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

BHP Group Current Risk Indicators

BHP Group Suggested Diversification Pairs

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