|Horizon||30 Days Login to change|
Teva Pharmaceutical Market Sensitivity
|As returns on market increase, returns on owning Teva Pharmaceutical are expected to decrease at a much smaller rate. During bear market, Teva Pharmaceutical is likely to outperform the market.One Month Beta |Analyze Teva Pharmaceutical Demand TrendCheck current 30 days Teva Pharmaceutical correlation with market (DOW)|
β = -0.2039
Teva Pharmaceutical Technical Analysis
Teva Pharmaceutical Projected Return Density Against MarketAssuming 30 trading days horizon, Teva Pharmaceutical Industries Limited has beta of -0.2039 . This entails as returns on benchmark increase, returns on holding Teva Pharmaceutical are expected to decrease at a much smaller rate. During bear market, however, Teva Pharmaceutical Industries Limited is likely to outperform the market. Additionally, Teva Pharmaceutical Industries Limited 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
Teva Pharmaceutical Return VolatilityTeva Pharmaceutical Industries Limited accepts 2.1137% volatility on return distribution over the 30 days horizon. DOW inherits 1.0635% risk (volatility on return distribution) over the 30 days horizon.