|Horizon||30 Days Login to change|
Pennar Engineered Market Sensitivity
|Pennar Engineered returns are very sensitive to returns on the market. As market goes up or down, Pennar Engineered is expected to follow.One Month Beta |Analyze Pennar Engineered Demand TrendCheck current 30 days Pennar Engineered correlation with market (DOW)|
β = 0.9069
Pennar Engineered Technical Analysis
Pennar Engineered Projected Return Density Against MarketAssuming 30 trading days horizon, Pennar Engineered has beta of 0.9069 . This implies Pennar Engineered Building Systems Limited market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Pennar Engineered is expected to follow. Additionally, Pennar Engineered Building Systems Limited 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
Pennar Engineered Return VolatilityPennar Engineered Building Systems Limited accepts 2.8913% volatility on return distribution over the 30 days horizon. DOW inherits 0.4303% risk (volatility on return distribution) over the 30 days horizon.