|Horizon||30 Days Login to change|
ResMed Market Sensitivity
|As returns on market increase, ResMed returns are expected to increase less than the market. However during bear market, the loss on holding ResMed will be expected to be smaller as well.One Month Beta |Analyze ResMed Demand TrendCheck current 30 days ResMed correlation with market (DOW)|
β = 0.0325
ResMed Technical Analysis
ResMed Projected Return Density Against MarketConsidering 30-days investment horizon, ResMed has beta of 0.0325 . This implies as returns on market go up, ResMed average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ResMed will be expected to be much smaller as well. Additionally, ResMed 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
ResMed Return VolatilityResMed has volatility of 1.6784% on return distribution over 30 days investment horizon. DOW inherits 1.0609% risk (volatility on return distribution) over the 30 days horizon.