We consider Salesforce very steady. Salesforce owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0308 which indicates the firm had 0.0308% of return per unit of risk over the last 2 months. Our philosophy towards measuring 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 Salesforce which you can use to evaluate future volatility of the company. Please validate Salesforce Risk Adjusted Performance of 0.0333, Coefficient Of Variation of 3250.42 and Semi Deviation of 1.46 to confirm if risk estimate we provide are consistent with the epected return of 0.0435%.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
Follows market closely
|Horizon||30 Days Login to change|
Salesforce Market Sensitivity
|As returns on market increase, Salesforce returns are expected to increase less than the market. However during bear market, the loss on holding Salesforce will be expected to be smaller as well. 2 Months Beta |Analyze Salesforce Demand TrendCheck current 30 days Salesforce correlation with market (DOW)|
β = 0.6567
Salesforce Central Daily Price Deviation
Salesforce Technical Analysis
Salesforce Projected Return Density Against MarketConsidering 30-days investment horizon, Salesforce has beta of 0.6567 . This suggests as returns on market go up, Salesforce average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Salesforce will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0996 implying that it can potentially generate 0.0996% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of Salesforce is 3250.21. The daily returns are destributed with a variance of 2.0 and standard deviation of 1.41. The mean deviation of Salesforce is currently at 1.13. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
|Alpha over DOW||=||0.1|
|Beta against DOW||=||0.66|
Salesforce Return Volatilitythe business has volatility of 1.4142% on return distribution over 30 days investment horizon. the entity inherits 1.0427% risk (volatility on return distribution) over the 30 days horizon.
Salesforce Investment Opportunity
Salesforce has a volatility of 1.41 and is 1.36 times more volatile than DOW. 12% of all equities and portfolios are less risky than Salesforce. Compared to the overall equity markets, volatility of historical daily returns of Salesforce is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use Salesforce to protect your portfolios against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Salesforce to be traded at $141.48 in 30 days. . As returns on market increase, Salesforce returns are expected to increase less than the market. However during bear market, the loss on holding Salesforce will be expected to be smaller as well.
Salesforce correlation with market
Salesforce Current Risk Indicators
|Risk Adjusted Performance||0.0333|
|Market Risk Adjusted Performance||0.061|
|Coefficient Of Variation||3250.42|
Salesforce Suggested Diversification Pairs