Macroaxis considers Teva Pharmaceutical to be very steady. Teva Pharmaceutical owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3719 which indicates the firm had -0.3719% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Teva Pharmaceutical Industries Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Teva Pharmaceutical Coefficient Of Variation of
(1,087) and Risk Adjusted Performance of (0.05) to confirm risk estimate we provide.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
Barely shadows market
|Horizon||30 Days Login to change|
Teva Pharmaceutical Market Sensitivity
|As returns on market increase, Teva Pharmaceutical returns are expected to increase less than the market. However during bear market, the loss on holding Teva Pharmaceutical will be expected to be smaller as well. 2 Months Beta |Analyze Teva Pharmaceutical Demand TrendCheck current 30 days Teva Pharmaceutical correlation with market (DOW)|
β = 0.0549
Teva Pharmaceutical Central Daily Price Deviation
Teva Pharmaceutical Technical Analysis
Teva Pharmaceutical Projected Return Density Against MarketAssuming 30 trading days horizon, Teva Pharmaceutical has beta of 0.0549 . This entails as returns on market go up, Teva Pharmaceutical average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Teva Pharmaceutical Industries Limited will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Teva Pharmaceutical is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Teva Pharmaceutical is -268.88. The daily returns are destributed with a variance of 4.52 and standard deviation of 2.13. The mean deviation of Teva Pharmaceutical Industries Limited is currently at 1.61. For similar time horizon, the selected benchmark (DOW) has volatility of 0.64
|Alpha over DOW||=||0.3|
|Beta against DOW||=||0.05|
Teva Pharmaceutical Return Volatilitythe company accepts 2.1271% volatility on return distribution over the 30 days horizon. the entity inherits 0.5829% risk (volatility on return distribution) over the 30 days horizon.
Teva Pharmaceutical Investment Opportunity
Teva Pharmaceutical Industries Limited has a volatility of 2.13 and is 3.67 times more volatile than DOW. 19% of all equities and portfolios are less risky than Teva Pharmaceutical. Compared to the overall equity markets, volatility of historical daily returns of Teva Pharmaceutical Industries Limited is lower than 19 (%) of all global equities and portfolios over the last 30 days. Use Teva Pharmaceutical Industries Limited to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Teva Pharmaceutical to be traded at S4948.94 in 30 days. . As returns on market increase, Teva Pharmaceutical returns are expected to increase less than the market. However during bear market, the loss on holding Teva Pharmaceutical will be expected to be smaller as well.
Teva Pharmaceutical correlation with market
Teva Pharmaceutical Current Risk Indicators
|Risk Adjusted Performance||(0.05)|
|Market Risk Adjusted Performance||(5.33)|
|Coefficient Of Variation||(1,087)|
Teva Pharmaceutical Suggested Diversification Pairs