|Horizon||30 Days Login to change|
OnMobile Global Market Sensitivity
|As returns on market increase, returns on owning OnMobile Global are expected to decrease by larger amounts. On the other hand, during market turmoil, OnMobile Global is expected to significantly outperform it.One Month Beta |Analyze OnMobile Global Limited Demand TrendCheck current 30 days OnMobile Global correlation with market (DOW)|
β = -1.7641
OnMobile Global Limited Technical Analysis
OnMobile Global Projected Return Density Against MarketAssuming 30 trading days horizon, OnMobile Global Limited has beta of -1.7641 . This implies as returns on its benchmark rise, returns on holding OnMobile Global Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, OnMobile Global is expected to outperform its benchmark. Moreover, OnMobile Global Limited has an alpha of 0.3251 implying that it can potentially generate 0.3251% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
OnMobile Global Return VolatilityOnMobile Global Limited accepts 2.2851% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.