|Horizon||30 Days Login to change|
Itamar Medical Market Sensitivity
|As returns on market increase, Itamar Medical returns are expected to increase less than the market. However during bear market, the loss on holding Itamar Medical will be expected to be smaller as well.One Month Beta |Analyze Itamar Medical Demand TrendCheck current 30 days Itamar Medical correlation with market (DOW)|
β = 0.2724
Itamar Medical Technical Analysis
Itamar Medical Projected Return Density Against MarketAssuming 30 trading days horizon, Itamar Medical has beta of 0.2724 . This indicates as returns on market go up, Itamar Medical average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Itamar Medical Ltd will be expected to be much smaller as well. Moreover, Itamar Medical Ltd has an alpha of 0.4346 implying that it can potentially generate 0.4346% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Itamar Medical Return VolatilityItamar Medical Ltd accepts 1.6084% volatility on return distribution over the 30 days horizon. DOW inherits 1.0603% risk (volatility on return distribution) over the 30 days horizon.