|Horizon||30 Days Login to change|
Energy Development Market Sensitivity
Energy Development Technical Analysis
Energy Development Projected Return Density Against MarketAssuming 30 trading days horizon, Energy Development Company Limited has beta of -0.3391 suggesting as returns on benchmark increase, returns on holding Energy Development are expected to decrease at a much smaller rate. During bear market, however, Energy Development Company Limited is likely to outperform the market. In addition to that, Energy Development Company Limited has an alpha of 1.2863 implying that it can potentially generate 1.2863% excess return over DOW after adjusting for the inherited market risk (beta).
Energy Development Return VolatilityEnergy Development Company Limited accepts 3.106% volatility on return distribution over the 30 days horizon. DOW inherits 1.3198% risk (volatility on return distribution) over the 30 days horizon.