|Horizon||30 Days Login to change|
BNP Paribas Market Sensitivity
|As returns on market increase, returns on owning BNP Paribas are expected to decrease at a much smaller rate. During bear market, BNP Paribas is likely to outperform the market.One Month Beta |Analyze BNP Paribas ST Demand TrendCheck current 30 days BNP Paribas correlation with market (DOW)|
β = -0.0101
BNP Paribas ST Technical Analysis
BNP Paribas Projected Return Density Against MarketAssuming 30 trading days horizon, BNP Paribas ST Income Qt Div has beta of -0.0101 suggesting as returns on benchmark increase, returns on holding BNP Paribas are expected to decrease at a much smaller rate. During bear market, however, BNP Paribas ST Income Qt Div is likely to outperform the market. Moreover, BNP Paribas ST Income Qt Div has an alpha of 0.0155 implying that it can potentially generate 0.0155% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
BNP Paribas Return VolatilityBNP Paribas ST Income Qt Div accepts 0.0945% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.