|Horizon||30 Days Login to change|
Funny Software Market Sensitivity
|As returns on market increase, Funny Software returns are expected to increase less than the market. However during bear market, the loss on holding Funny Software will be expected to be smaller as well.One Month Beta |Analyze Funny Software Limited Demand TrendCheck current 30 days Funny Software correlation with market (DOW)|
β = 0.24
Funny Software Limited Technical Analysis
Funny Software Projected Return Density Against MarketAssuming 30 trading days horizon, Funny Software has beta of 0.24 suggesting as returns on market go up, Funny Software average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Funny Software Limited will be expected to be much smaller as well. Additionally, Funny Software 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
Funny Software Return VolatilityFunny Software Limited accepts 1.7929% volatility on return distribution over the 30 days horizon. DOW inherits 0.3947% risk (volatility on return distribution) over the 30 days horizon.