|Horizon||30 Days Login to change|
Elspec Engineering Market Sensitivity
|As returns on market increase, Elspec Engineering returns are expected to increase less than the market. However during bear market, the loss on holding Elspec Engineering will be expected to be smaller as well.One Month Beta |Analyze Elspec Engineering Demand TrendCheck current 30 days Elspec Engineering correlation with market (DOW)|
β = 0.1591
Elspec Engineering Technical Analysis
Elspec Engineering Projected Return Density Against MarketAssuming 30 trading days horizon, Elspec Engineering has beta of 0.1591 suggesting as returns on market go up, Elspec Engineering average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Elspec Engineering Ltd will be expected to be much smaller as well. Moreover, Elspec Engineering Ltd has an alpha of 0.4014 implying that it can potentially generate 0.4014% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Elspec Engineering Return VolatilityElspec Engineering Ltd accepts 5.5164% volatility on return distribution over the 30 days horizon. DOW inherits 1.0678% risk (volatility on return distribution) over the 30 days horizon.