Delta Air Risk Analysis And Volatility

DAL -- USA Stock  

USD 56.20  1.76  3.04%

We consider Delta Air very steady. Delta Air Lines secures Sharpe Ratio (or Efficiency) of 0.0025 which denotes the organization had 0.0025% of return per unit of risk over the last 2 months. Our philosophy towards predicting 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 Delta Air Lines which you can use to evaluate future volatility of the firm. Please confirm Delta Air Lines Coefficient Of Variation of 6693.65, Mean Deviation of 1.14 and Downside Deviation of 1.82 to check if risk estimate we provide are consistent with the epected return of 0.0037%.
Interest Expense

60 Days Market Risk

Very steady

Chance of Distress in 24 months

Below average

60 Days Economic Sensitivity

Almost mirrors market
Horizon     30 Days    Login   to change

Delta Air Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Delta Air will likely underperform.
2 Months Beta |Analyze Delta Air Lines Demand Trend
Check current 30 days Delta Air correlation with market (DOW)
β = 1.1746

Delta Air Central Daily Price Deviation

Delta Air Lines Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Delta Air Lines Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Delta Air Projected Return Density Against Market

Considering 30-days investment horizon, the stock has beta coefficient of 1.1746 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Delta Air will likely underperform. Moreover, The company has an alpha of 0.1306 implying that it can potentially generate 0.1306% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Delta Air is 40202.78. The daily returns are destributed with a variance of 2.24 and standard deviation of 1.5. The mean deviation of Delta Air Lines is currently at 1.12. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
α
Alpha over DOW
=0.13
β
Beta against DOW=1.17
σ
Overall volatility
=1.50
Ir
Information ratio =0.08

Delta Air Return Volatility

the business has volatility of 1.4957% on return distribution over 30 days investment horizon. the entity inherits 1.0549% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Delta Air Investment Opportunity

Delta Air Lines has a volatility of 1.5 and is 1.43 times more volatile than DOW. 13% of all equities and portfolios are less risky than Delta Air. Compared to the overall equity markets, volatility of historical daily returns of Delta Air Lines is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use Delta Air Lines to protect your portfolios against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Delta Air to be traded at $53.95 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Delta Air will likely underperform.

Delta Air correlation with market

correlation synergy
Poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Delta Air Lines Inc and equity matching DJI index in the same portfolio.

Delta Air Current Risk Indicators

Delta Air Suggested Diversification Pairs

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