|Horizon||30 Days Login to change|
Brainsway Ltd Market Sensitivity
|As returns on market increase, Brainsway Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Brainsway Ltd will be expected to be smaller as well.One Month Beta |Analyze Brainsway Ltd Demand TrendCheck current 30 days Brainsway Ltd correlation with market (DOW)|
β = 0.1213
Brainsway Ltd Technical Analysis
Brainsway Ltd Projected Return Density Against MarketAssuming 30 trading days horizon, Brainsway Ltd has beta of 0.1213 . This suggests as returns on market go up, Brainsway Ltd average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Brainsway Ltd will be expected to be much smaller as well. Moreover, Brainsway Ltd has an alpha of 0.2578 implying that it can potentially generate 0.2578% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Brainsway Ltd Return VolatilityBrainsway Ltd accepts 3.6608% volatility on return distribution over the 30 days horizon. DOW inherits 1.0603% risk (volatility on return distribution) over the 30 days horizon.