|Horizon||30 Days Login to change|
Castex Technologies Market Sensitivity
|Castex Technologies returns are very sensitive to returns on the market. As market goes up or down, Castex Technologies is expected to follow.One Month Beta |Analyze Castex Technologies Demand TrendCheck current 30 days Castex Technologies correlation with market (DOW)|
β = 1.1448
Castex Technologies Technical Analysis
Castex Technologies Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 1.1448 . This suggests Castex Technologies Limited market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Castex Technologies is expected to follow. Additionally, Castex Technologies Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Castex Technologies Return VolatilityCastex Technologies Limited accepts 4.727% volatility on return distribution over the 30 days horizon. DOW inherits 0.3625% risk (volatility on return distribution) over the 30 days horizon.