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.
90 Days Market Risk
Not too volatile
Chance of Distress in 24 months
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 TrendCheck current 30 days Corning Incorporated correlation with market (DOW)|
β = -0.1996
Corning Incorporated Central Daily Price Deviation
Corning Incorporated Technical Analysis
Corning Incorporated Projected Return Density Against MarketConsidering 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
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
|Alpha over DOW||=||0.15|
|Beta against DOW||=||0.2|
Corning Incorporated Return Volatilitythe 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.
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
Corning Incorporated Current Risk Indicators
|Risk Adjusted Performance||(0.06)|
|Market Risk Adjusted Performance||0.7878|
|Coefficient Of Variation||(1,421)|
Corning Incorporated Suggested Diversification Pairs