Macroaxis considers ResMed not too risky given 1 month investment horizon. ResMed Inc maintains Sharpe Ratio (i.e. Efficiency) of 0.2611 which implies ResMed Inc had 0.2611% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for ResMed Inc which you can use to evaluate future volatility of the company. Please employ ResMed Inc Coefficient Of Variation of 470.24, Semi Deviation of 0.5614 and Risk Adjusted Performance of 0.0981 to confirm if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
ResMed Market Sensitivity
|ResMed returns are very sensitive to returns on the market. As market goes up or down, ResMed is expected to follow.One Month Beta |Analyze ResMed Inc Demand TrendCheck current 30 days ResMed correlation with market (DOW)|
β = 0.9676
ResMed Inc Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, ResMed has beta of 0.9676 . This implies ResMed Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, ResMed is expected to follow. Additionally, ResMed Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of ResMed is 383.03. The daily returns are destributed with a variance of 0.59 and standard deviation of 0.77. The mean deviation of ResMed Inc is currently at 0.55. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44