Medtronic Plc Risk Analysis And Volatility

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MDT -- USA Stock  

Fiscal Quarter End: January 31, 2020  

We consider Medtronic Plc very steady. Medtronic plc has Sharpe Ratio of 0.2108 which conveys that the firm had 0.2108% 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 Medtronic Plc which you can use to evaluate future volatility of the firm. Please verify Medtronic plc Mean Deviation of 0.6517, Downside Deviation of 0.9032 and Risk Adjusted Performance of 0.0863 to check out if risk estimate we provide are consistent with the epected return of 0.1814%.
Interest Expense

90 Days Market Risk

Very steady

Chance of Distress

90 Days Economic Sensitivity

Follows market closely
Horizon     30 Days    Login   to change

Medtronic Plc Market Sensitivity

As returns on market increase, Medtronic Plc returns are expected to increase less than the market. However during bear market, the loss on holding Medtronic Plc will be expected to be smaller as well.
3 Months Beta |Analyze Medtronic plc Demand Trend
Check current 30 days Medtronic Plc correlation with market (DOW)
β = 0.7445

Medtronic Plc Central Daily Price Deviation

Medtronic plc Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Medtronic plc Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Medtronic Plc Projected Return Density Against Market

Considering 30-days investment horizon, Medtronic Plc has beta of 0.7445 indicating as returns on market go up, Medtronic Plc average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Medtronic plc will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0371 implying that it can potentially generate 0.0371% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
    
  Returns 
Considering 30-days investment horizon, the coefficient of variation of Medtronic Plc is 474.4. The daily returns are destributed with a variance of 0.74 and standard deviation of 0.86. The mean deviation of Medtronic plc is currently at 0.65. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.0371
β
Beta against DOW=0.74
σ
Overall volatility
=0.86
Ir
Information ratio =0.0028

Medtronic Plc Return Volatility

the firm has volatility of 0.8605% on return distribution over 30 days investment horizon. the entity inherits 0.4699% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

Medtronic Plc Investment Opportunity

Medtronic plc has a volatility of 0.86 and is 1.83 times more volatile than DOW. of all equities and portfolios are less risky than Medtronic Plc. Compared to the overall equity markets, volatility of historical daily returns of Medtronic plc is lower than 7 () of all global equities and portfolios over the last 30 days. Use Medtronic plc to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Medtronic Plc to be traded at $113.81 in 30 days. . As returns on market increase, Medtronic Plc returns are expected to increase less than the market. However during bear market, the loss on holding Medtronic Plc will be expected to be smaller as well.

Medtronic Plc correlation with market

correlation synergy
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Medtronic plc and equity matching DJI index in the same portfolio.

Medtronic Plc Current Risk Indicators

Medtronic Plc Suggested Diversification Pairs

Additionally see Stocks Correlation. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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