|Horizon||30 Days Login to change|
Solegreen Ltd Market Sensitivity
|As returns on market increase, returns on owning Solegreen Ltd are expected to decrease at a much smaller rate. During bear market, Solegreen Ltd is likely to outperform the market.One Month Beta |Analyze Solegreen Ltd Demand TrendCheck current 30 days Solegreen Ltd correlation with market (DOW)|
β = -0.3302
Solegreen Ltd Technical Analysis
Solegreen Ltd Projected Return Density Against MarketAssuming 30 trading days horizon, Solegreen Ltd has beta of -0.3302 . This entails as returns on benchmark increase, returns on holding Solegreen Ltd are expected to decrease at a much smaller rate. During bear market, however, Solegreen Ltd is likely to outperform the market. Moreover, Solegreen Ltd has an alpha of 0.4348 implying that it can potentially generate 0.4348% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Solegreen Ltd Return VolatilitySolegreen Ltd accepts 1.3465% volatility on return distribution over the 30 days horizon. DOW inherits 1.023% risk (volatility on return distribution) over the 30 days horizon.