Macroaxis considers Dollar General very steady given 3 months investment horizon. Dollar General secures Sharpe Ratio (or Efficiency) of 0.124 which denotes the organization had 0.124% of return per unit of risk over the last 3 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 Dollar General Corporation which you can use to evaluate future volatility of the firm. Please utilize Dollar General Downside Deviation of 1.18, Coefficient Of Variation of 742.18 and Mean Deviation of 1.07 to check if our risk estimates are consistent with your expectations.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Follows market closely
|Horizon||30 Days Login to change|
Dollar General Market Sensitivity
|As returns on market increase, Dollar General returns are expected to increase less than the market. However during bear market, the loss on holding Dollar General will be expected to be smaller as well. 3 Months Beta |Analyze Dollar General Demand TrendCheck current 30 days Dollar General correlation with market (DOW)|
β = 0.8331
Dollar General Central Daily Price Deviation
Dollar General Technical Analysis
Dollar General Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Dollar General has beta of 0.8331 suggesting as returns on market go up, Dollar General average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Dollar General Corporation will be expected to be much smaller as well. Moreover, The company has an alpha of 0.2413 implying that it can potentially generate 0.2413% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Allowing for the 30-days total investment horizon, the coefficient of variation of Dollar General is 806.27. The daily returns are destributed with a variance of 3.06 and standard deviation of 1.75. The mean deviation of Dollar General Corporation is currently at 1.07. For similar time horizon, the selected benchmark (DOW) has volatility of 0.97
|Alpha over DOW||=||0.24|
|Beta against DOW||=||0.83|
Dollar General Return Volatilitythe firm accepts 1.7497% volatility on return distribution over the 30 days horizon. the entity inherits 0.9727% risk (volatility on return distribution) over the 30 days horizon.
Dollar General Investment Opportunity
Dollar General Corporation has a volatility of 1.75 and is 1.8 times more volatile than DOW. 15 of all equities and portfolios are less risky than Dollar General. Compared to the overall equity markets, volatility of historical daily returns of Dollar General Corporation is lower than 15 () of all global equities and portfolios over the last 30 days. Use Dollar General Corporation to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Dollar General to be traded at $178.48 in 30 days. . As returns on market increase, Dollar General returns are expected to increase less than the market. However during bear market, the loss on holding Dollar General will be expected to be smaller as well.
Dollar General correlation with market
Dollar General Current Risk Indicators
|Risk Adjusted Performance||0.1354|
|Market Risk Adjusted Performance||0.2791|
|Coefficient Of Variation||742.18|
Dollar General Suggested Diversification Pairs