Macroaxis considers Halliburton to be not too risky. Halliburton holds Efficiency (Sharpe) Ratio of -0.0359 which attests that Halliburton had -0.0359% of return per unit of risk over the last 1 month. 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-one 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 0.0343 and Risk Adjusted Performance of 0.002 to validate risk estimate we provide.
|Time Horizon||30 Days Login to change|
Halliburton Market Sensitivity
|As returns on market increase, returns on owning Halliburton are expected to decrease at a much smaller rate. During bear market, Halliburton is likely to outperform the market.One Month Beta |Analyze Halliburton Demand TrendCheck current 30 days Halliburton correlation with market (DOW)|
β = -0.5495
Halliburton Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Halliburton Company has beta of -0.5495 . This indicates as returns on benchmark increase, returns on holding Halliburton are expected to decrease at a much smaller rate. During bear market, however, Halliburton Company is likely to outperform the market. 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
Considering 30-days investment horizon, the coefficient of variation of Halliburton is -2781.99. The daily returns are destributed with a variance of 2.74 and standard deviation of 1.65. The mean deviation of Halliburton Company is currently at 1.28. For similar time horizon, the selected benchmark (DOW) has volatility of 1.01