We consider Perrigo Company very steady. Perrigo Company maintains Sharpe Ratio (i.e. Efficiency) of 0.0592 which implies the corporation had 0.0592% of return per unit of risk over the last 2 months. Our philosophy towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Perrigo Company which you can use to evaluate future volatility of the company. Please check Perrigo Company Risk Adjusted Performance of 0.03, Coefficient Of Variation of 3105.71 and Semi Deviation of 2.31 to confirm if risk estimate we provide are consistent with the epected return of 0.1603%.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
Follows market closely
|Horizon||30 Days Login to change|
Perrigo Company Market Sensitivity
|As returns on market increase, Perrigo Company returns are expected to increase less than the market. However during bear market, the loss on holding Perrigo Company will be expected to be smaller as well. 2 Months Beta |Analyze Perrigo Company Demand TrendCheck current 30 days Perrigo Company correlation with market (DOW)|
β = 0.7869
Perrigo Company Central Daily Price Deviation
Perrigo Company Technical Analysis
Perrigo Company Projected Return Density Against MarketAssuming 30 trading days horizon, Perrigo Company has beta of 0.7869 . This implies as returns on market go up, Perrigo Company average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Perrigo Company plc will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0753 implying that it can potentially generate 0.0753% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Perrigo Company is 1687.81. The daily returns are destributed with a variance of 7.32 and standard deviation of 2.71. The mean deviation of Perrigo Company plc is currently at 1.77. For similar time horizon, the selected benchmark (DOW) has volatility of 0.7
|Alpha over DOW||=||0.08|
|Beta against DOW||=||0.79|
Perrigo Company Return Volatilitythe company accepts 2.7061% volatility on return distribution over the 30 days horizon. the entity inherits 0.6518% risk (volatility on return distribution) over the 30 days horizon.
Perrigo Company Investment Opportunity
Perrigo Company plc has a volatility of 2.71 and is 4.17 times more volatile than DOW. 24% of all equities and portfolios are less risky than Perrigo Company. Compared to the overall equity markets, volatility of historical daily returns of Perrigo Company plc is lower than 24 (%) of all global equities and portfolios over the last 30 days. Use Perrigo Company plc to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Perrigo Company to be traded at S17326.4 in 30 days. . As returns on market increase, Perrigo Company returns are expected to increase less than the market. However during bear market, the loss on holding Perrigo Company will be expected to be smaller as well.
Perrigo Company correlation with market
Perrigo Company Current Risk Indicators
|Risk Adjusted Performance||0.03|
|Market Risk Adjusted Performance||0.1097|
|Coefficient Of Variation||3105.71|
Perrigo Company Suggested Diversification Pairs