|Horizon||30 Days Login to change|
Energy Development Market Sensitivity
|As returns on market increase, returns on owning Energy Development are expected to decrease by larger amounts. On the other hand, during market turmoil, Energy Development is expected to significantly outperform it.One Month Beta |Analyze Energy Development Demand TrendCheck current 30 days Energy Development correlation with market (DOW)|
β = -3.6971
Energy Development Technical Analysis
Energy Development Projected Return Density Against MarketAssuming 30 trading days horizon, Energy Development Company Limited has beta of -3.6971 suggesting as returns on its benchmark rise, returns on holding Energy Development Company Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Energy Development is expected to outperform its benchmark. Additionally, Energy Development Company Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Energy Development Return VolatilityEnergy Development Company Limited accepts 2.9617% volatility on return distribution over the 30 days horizon. DOW inherits 0.4208% risk (volatility on return distribution) over the 30 days horizon.