We consider International Business very steady. International Business holds Efficiency (Sharpe) Ratio of 0.0394 which attests that the entity had 0.0394% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for International Business which you can use to evaluate future volatility of the corporation. Please check out International Business Market Risk Adjusted Performance of 0.0701, Risk Adjusted Performance of 0.0538 and Downside Deviation of 1.69 to validate if risk estimate we provide are consistent with the epected return of 0.0572%.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Almost mirrors market
|Horizon||30 Days Login to change|
International Business Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, International Business will likely underperform. 3 Months Beta |Analyze International Business Demand TrendCheck current 30 days International Business correlation with market (DOW)|
β = 1.1602
International Business Central Daily Price Deviation
International Business Technical Analysis
International Business Projected Return Density Against MarketConsidering 30-days investment horizon, the stock has beta coefficient of 1.1602 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, International Business will likely underperform. Moreover, The company has an alpha of 0.0483 implying that it can potentially generate 0.0483% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of International Business is 2540.78. The daily returns are destributed with a variance of 2.11 and standard deviation of 1.45. The mean deviation of International Business Machines is currently at 1.0. For similar time horizon, the selected benchmark (DOW) has volatility of 0.9
|Alpha over DOW||=||0.0483|
|Beta against DOW||=||1.16|
International Business Return Volatilitythe business has volatility of 1.4535% on return distribution over 30 days investment horizon. the entity inherits 0.9048% risk (volatility on return distribution) over the 30 days horizon.
International Business Investment Opportunity
International Business Machines has a volatility of 1.45 and is 1.61 times more volatile than DOW. 12% of all equities and portfolios are less risky than International Business. Compared to the overall equity markets, volatility of historical daily returns of International Business Machines is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use International Business Machines to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of International Business to be traded at $137.97 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, International Business will likely underperform.
International Business correlation with market
International Business Current Risk Indicators
|Risk Adjusted Performance||0.0538|
|Market Risk Adjusted Performance||0.0701|
|Coefficient Of Variation||1791.66|
International Business Suggested Diversification Pairs