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-one technical indicators for Computer Direct Group Ltd which you can use to evaluate future volatility of the firm. Please confirm Computer Direct Group Mean Deviation of 0.3266 and Risk Adjusted Performance of
(0.11) to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Computer Direct Market Sensitivity
|As returns on market increase, returns on owning Computer Direct are expected to decrease at a much smaller rate. During bear market, Computer Direct is likely to outperform the market. 2 Months Beta |Analyze Computer Direct Group Demand TrendCheck current 30 days Computer Direct correlation with market (DOW)|
β = -0.07
Computer Direct Central Daily Price Deviation
Computer Direct Group Technical Analysis
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Computer Direct Projected Return Density Against MarketAssuming 30 trading days horizon, Computer Direct Group Ltd has beta of -0.07 . This suggests as returns on benchmark increase, returns on holding Computer Direct are expected to decrease at a much smaller rate. During bear market, however, Computer Direct Group Ltd is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Computer Direct Group is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.11|
|Beta against DOW||=||0.07|
Computer Direct Return Volatilitythe company accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6341% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 0.63 and is 9.223372036854776E16 times more volatile than Computer Direct Group Ltd. 0% of all equities and portfolios are less risky than Computer Direct. Compared to the overall equity markets, volatility of historical daily returns of Computer Direct Group Ltd is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Computer Direct Group Ltd to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Computer Direct to be traded at S10869.1 in 30 days. . As returns on market increase, returns on owning Computer Direct are expected to decrease at a much smaller rate. During bear market, Computer Direct is likely to outperform the market.
Computer Direct correlation with market