Macroaxis considers Halliburton to be not too volatile. Halliburton holds Efficiency (Sharpe) Ratio of -0.2885 which attests that Halliburton had -0.2885% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining 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. Halliburton exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Halliburton Market Risk Adjusted Performance of
(0.97) and Risk Adjusted Performance of (0.33) to validate risk estimate we provide.
|Horizon||30 Days Login to change|
Halliburton Market Sensitivity
|As returns on market increase, Halliburton returns are expected to increase less than the market. However during bear market, the loss on holding Halliburton will be expected to be smaller as well.2 Months Beta |Analyze Halliburton Demand TrendCheck current 30 days Halliburton correlation with market (DOW)|
β = 0.6291
Halliburton Central Daily Price Deviation
Halliburton Technical Analysis
Halliburton Projected Return Density Against MarketConsidering 30-days investment horizon, Halliburton has beta of 0.6291 . This indicates as returns on market go up, Halliburton average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Halliburton Company will be expected to be much smaller as well. Additionally, Halliburton Company 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
Considering 30-days investment horizon, the coefficient of variation of Halliburton is -346.59. The daily returns are destributed with a variance of 5.32 and standard deviation of 2.31. The mean deviation of Halliburton Company is currently at 1.85. For similar time horizon, the selected benchmark (DOW) has volatility of 1.27
|Alpha over DOW||=||0.59|
|Beta against DOW||=||0.63|
Halliburton Return VolatilityHalliburton Company has volatility of 2.3074% on return distribution over 30 days investment horizon. DOW inherits 1.2766% risk (volatility on return distribution) over the 30 days horizon.
Halliburton Company has a volatility of 2.31 and is 1.8 times more volatile than DOW. 20% of all equities and portfolios are less risky than Halliburton. Compared to the overall equity markets, volatility of historical daily returns of Halliburton Company is lower than 20 (%) of all global equities and portfolios over the last 30 days. Use Halliburton Company to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Halliburton to be traded at $27.93 in 30 days. As returns on market increase, Halliburton returns are expected to increase less than the market. However during bear market, the loss on holding Halliburton will be expected to be smaller as well.
Halliburton correlation with market