We consider Mid America very steady. Mid America Apartment has Sharpe Ratio of 0.1377 which conveys that the firm had 0.1377% of return per unit of risk over the last 3 months. Our philosophy towards estimating 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-one technical indicators for Mid America which you can use to evaluate future volatility of the firm. Please verify Mid America Apartment Communiti Mean Deviation of 0.694, Downside Deviation of 1.24 and Risk Adjusted Performance of 0.1062 to check out if risk estimate we provide are consistent with the epected return of 0.1412%.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Moves indifferently to market moves
|Horizon||30 Days Login to change|
Mid America Market Sensitivity
|As returns on market increase, returns on owning Mid America are expected to decrease at a much smaller rate. During bear market, Mid America is likely to outperform the market. 3 Months Beta |Analyze Mid America Apartment Demand TrendCheck current 30 days Mid America correlation with market (DOW)|
β = -0.1589
Mid America Central Daily Price Deviation
Mid America Apartment Technical Analysis
Mid America Projected Return Density Against MarketConsidering 30-days investment horizon, Mid America Apartment Communiti has beta of -0.1589 indicating as returns on benchmark increase, returns on holding Mid America are expected to decrease at a much smaller rate. During bear market, however, Mid America Apartment Communiti is likely to outperform the market. Moreover, The company has an alpha of 0.1123 implying that it can potentially generate 0.1123% 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 Mid America is 726.24. The daily returns are destributed with a variance of 1.05 and standard deviation of 1.03. The mean deviation of Mid America Apartment Communiti is currently at 0.76. For similar time horizon, the selected benchmark (DOW) has volatility of 0.88
|Alpha over DOW||=||0.11|
|Beta against DOW||=||0.16|
Mid America Return Volatilitythe company has volatility of 1.0253% on return distribution over 30 days investment horizon. the entity inherits 0.9012% risk (volatility on return distribution) over the 30 days horizon.
Mid America Investment Opportunity
Mid America Apartment Communiti has a volatility of 1.03 and is 1.14 times more volatile than DOW. 9% of all equities and portfolios are less risky than Mid America. Compared to the overall equity markets, volatility of historical daily returns of Mid America Apartment Communiti is lower than 9 (%) of all global equities and portfolios over the last 30 days. Use Mid America Apartment Communiti to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Mid America to be traded at $142.64 in 30 days. . As returns on market increase, returns on owning Mid America are expected to decrease at a much smaller rate. During bear market, Mid America is likely to outperform the market.
Mid America correlation with market
Mid America Current Risk Indicators
|Risk Adjusted Performance||0.1062|
|Market Risk Adjusted Performance||(0.66)|
|Coefficient Of Variation||836.92|
Mid America Suggested Diversification Pairs