|Horizon||30 Days Login to change|
Russell OW Market Sensitivity
|As returns on market increase, returns on owning Russell OW are expected to decrease at a much smaller rate. During bear market, Russell OW is likely to outperform the market.One Month Beta |Analyze Russell OW Glbl Demand TrendCheck current 30 days Russell OW correlation with market (DOW)|
β = -0.0533
Russell OW Glbl Technical Analysis
Russell OW Projected Return Density Against MarketAssuming 30 trading days horizon, Russell OW Glbl High Dividend Eq B USD has beta of -0.0533 . This indicates as returns on benchmark increase, returns on holding Russell OW are expected to decrease at a much smaller rate. During bear market, however, Russell OW Glbl High Dividend Eq B USD is likely to outperform the market. Additionally, Russell OW Glbl High Dividend Eq B USD 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
Russell OW Return VolatilityRussell OW Glbl High Dividend Eq B USD accepts 2.9244% volatility on return distribution over the 30 days horizon. DOW inherits 1.0618% risk (volatility on return distribution) over the 30 days horizon.