Macroaxis considers Opko Health to be not too risky. Opko Health maintains Sharpe Ratio (i.e. Efficiency) of -0.2668 which implies the corporation had -0.2668% of return per unit of risk over the last 2 months. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Opko Health exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Opko Health Risk Adjusted Performance of
(0.042937) and Coefficient Of Variation of (1,298) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Opko Health Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Opko Health will likely underperform. 2 Months Beta |Analyze Opko Health Demand TrendCheck current 30 days Opko Health correlation with market (DOW)|
β = 2.3131
Opko Health Central Daily Price Deviation
Opko Health Technical Analysis
Opko Health Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 2.3131 . This implies as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Opko Health will likely underperform. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Opko Health is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Opko Health is -374.79. The daily returns are destributed with a variance of 35.89 and standard deviation of 5.99. The mean deviation of Opko Health is currently at 3.95. For similar time horizon, the selected benchmark (DOW) has volatility of 0.67
|Alpha over DOW||=||0.89|
|Beta against DOW||=||2.31|
Opko Health Return Volatilitythe company assumes 5.9911% volatility of returns over the 30 days investment horizon. the entity inherits 0.6323% risk (volatility on return distribution) over the 30 days horizon.
Opko Health has a volatility of 5.99 and is 9.51 times more volatile than DOW. 53% of all equities and portfolios are less risky than Opko Health. Compared to the overall equity markets, volatility of historical daily returns of Opko Health is higher than 53 (%) of all global equities and portfolios over the last 30 days. Use Opko Health to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Opko Health to be traded at S864.95 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Opko Health will likely underperform.
Opko Health correlation with market