|Horizon||30 Days Login to change|
Opko Health Market Sensitivity
|As returns on market increase, returns on owning Opko Health are expected to decrease at a much smaller rate. During bear market, Opko Health is likely to outperform the market.One Month Beta |Analyze Opko Health Demand TrendCheck current 30 days Opko Health correlation with market (DOW)|
β = -0.7467
Opko Health Technical Analysis
Opko Health Projected Return Density Against MarketAssuming 30 trading days horizon, Opko Health has beta of -0.7467 . This implies as returns on benchmark increase, returns on holding Opko Health are expected to decrease at a much smaller rate. During bear market, however, Opko Health is likely to outperform the market. Additionally, Opko Health 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
Opko Health Return VolatilityOpko Health assumes 4.7123% volatility of returns over the 30 days investment horizon. DOW inherits 1.0479% risk (volatility on return distribution) over the 30 days horizon.