Macroaxis considers Halliburton not too risky given 1 month investment horizon. Halliburton holds Efficiency (Sharpe) Ratio of 0.5814 which attests that Halliburton had 0.5814% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By evaluating Halliburton technical indicators you can presently evaluate if the expected return of 0.6913% is justified by implied risk. Please utilize Halliburton Coefficient Of Variation of 170.8, Market Risk Adjusted Performance of
(0.7) and Risk Adjusted Performance of 0.2342 to validate if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Halliburton Market Sensitivity
|One Month Beta |Analyze Halliburton Demand TrendCheck current 30 days Halliburton correlation with market (DOW)|
β = -0.9794
Halliburton Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Halliburton Company has beta of -0.9794 . This indicates Moreover, Halliburton Company has an alpha of 0.9131 implying that it can potentially generate 0.9131% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Halliburton is 172.0. The daily returns are destributed with a variance of 1.41 and standard deviation of 1.19. The mean deviation of Halliburton Company is currently at 0.93. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39