|Horizon||30 Days Login to change|
PCS Technology Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, PCS Technology will likely underperform.One Month Beta |Analyze PCS Technology Limited Demand TrendCheck current 30 days PCS Technology correlation with market (DOW)|
β = 2.469
PCS Technology Limited Technical Analysis
PCS Technology Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 2.469 . 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, PCS Technology will likely underperform. Moreover, PCS Technology Limited has an alpha of 0.0703 implying that it can potentially generate 0.0703% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
PCS Technology Return VolatilityPCS Technology Limited assumes 3.331% volatility of returns over the 30 days investment horizon. DOW inherits 0.3625% risk (volatility on return distribution) over the 30 days horizon.