|Horizon||30 Days Login to change|
Brill Shoe Market Sensitivity
|As returns on market increase, returns on owning Brill Shoe are expected to decrease at a much smaller rate. During bear market, Brill Shoe is likely to outperform the market.One Month Beta |Analyze Brill Shoe Industries Demand TrendCheck current 30 days Brill Shoe correlation with market (DOW)|
β = -0.4209
Brill Shoe Industries Technical Analysis
Brill Shoe Projected Return Density Against MarketAssuming 30 trading days horizon, Brill Shoe Industries Ltd has beta of -0.4209 . This suggests as returns on benchmark increase, returns on holding Brill Shoe are expected to decrease at a much smaller rate. During bear market, however, Brill Shoe Industries Ltd is likely to outperform the market. Moreover, Brill Shoe Industries Ltd has an alpha of 0.6879 implying that it can potentially generate 0.6879% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Brill Shoe Return VolatilityBrill Shoe Industries Ltd accepts 1.7311% volatility on return distribution over the 30 days horizon. DOW inherits 1.0635% risk (volatility on return distribution) over the 30 days horizon.