|Horizon||30 Days Login to change|
Space Communication Market Sensitivity
|As returns on market increase, returns on owning Space Communication are expected to decrease at a much smaller rate. During bear market, Space Communication is likely to outperform the market.One Month Beta |Analyze Space Communication Demand TrendCheck current 30 days Space Communication correlation with market (DOW)|
β = -0.2219
Space Communication Technical Analysis
Space Communication Projected Return Density Against MarketAssuming 30 trading days horizon, Space Communication Ltd has beta of -0.2219 . This entails as returns on benchmark increase, returns on holding Space Communication are expected to decrease at a much smaller rate. During bear market, however, Space Communication Ltd is likely to outperform the market. Moreover, Space Communication Ltd has an alpha of 0.0561 implying that it can potentially generate 0.0561% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Space Communication Return VolatilitySpace Communication Ltd assumes 1.3523% volatility of returns over the 30 days investment horizon. DOW inherits 1.0373% risk (volatility on return distribution) over the 30 days horizon.