Corning Incorporated Risk Analysis And Volatility

GLW -- USA Stock  

USD 27.90  0.33  1.17%

Macroaxis considers Corning Incorporated to be not too volatile. Corning Incorporated secures Sharpe Ratio (or Efficiency) of -0.117 which signifies that the organization had -0.117% of return per unit of risk over the last 3 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Corning Incorporated exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Corning Incorporated Mean Deviation of 1.51 and Risk Adjusted Performance of (0.06) to double-check risk estimate we provide.
Interest Expense

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Below average

90 Days Economic Sensitivity

Moves indifferently to market moves
Horizon     30 Days    Login   to change

Corning Incorporated Market Sensitivity

As returns on market increase, returns on owning Corning Incorporated are expected to decrease at a much smaller rate. During bear market, Corning Incorporated is likely to outperform the market.
3 Months Beta |Analyze Corning Incorporated Demand Trend
Check current 30 days Corning Incorporated correlation with market (DOW)
β = -0.1996

Corning Incorporated Central Daily Price Deviation

Corning Incorporated Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Corning Incorporated Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Corning Incorporated Projected Return Density Against Market

Considering 30-days investment horizon, Corning Incorporated has beta of -0.1996 . This indicates as returns on benchmark increase, returns on holding Corning Incorporated are expected to decrease at a much smaller rate. During bear market, however, Corning Incorporated is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Corning Incorporated is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Corning Incorporated is -854.92. The daily returns are destributed with a variance of 4.19 and standard deviation of 2.05. The mean deviation of Corning Incorporated is currently at 1.5. For similar time horizon, the selected benchmark (DOW) has volatility of 0.88
α
Alpha over DOW
=0.15
β
Beta against DOW=0.2
σ
Overall volatility
=2.05
Ir
Information ratio =0.09

Corning Incorporated Return Volatility

the venture has volatility of 2.0464% on return distribution over 30 days investment horizon. the entity inherits 0.9013% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Corning Incorporated Investment Opportunity

Corning Incorporated has a volatility of 2.05 and is 2.28 times more volatile than DOW. 18% of all equities and portfolios are less risky than Corning Incorporated. Compared to the overall equity markets, volatility of historical daily returns of Corning Incorporated is lower than 18 (%) of all global equities and portfolios over the last 30 days. Use Corning Incorporated to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Corning Incorporated to be traded at $27.06 in 30 days. . As returns on market increase, returns on owning Corning Incorporated are expected to decrease at a much smaller rate. During bear market, Corning Incorporated is likely to outperform the market.

Corning Incorporated correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Corning Incorporated and equity matching DJI index in the same portfolio.

Corning Incorporated Current Risk Indicators

Corning Incorporated Suggested Diversification Pairs

Please also check Risk vs Return Analysis. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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