|Horizon||30 Days Login to change|
Tide Water Market Sensitivity
|As returns on market increase, returns on owning Tide Water are expected to decrease at a much smaller rate. During bear market, Tide Water is likely to outperform the market.One Month Beta |Analyze Tide Water Oil Demand TrendCheck current 30 days Tide Water correlation with market (DOW)|
β = -0.202
Tide Water Oil Technical Analysis
Tide Water Projected Return Density Against MarketAssuming 30 trading days horizon, Tide Water Oil Co Ltd has beta of -0.202 . This entails as returns on benchmark increase, returns on holding Tide Water are expected to decrease at a much smaller rate. During bear market, however, Tide Water Oil Co Ltd is likely to outperform the market. Additionally, Tide Water Oil Co Ltd 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
Tide Water Return VolatilityTide Water Oil Co Ltd accepts 0.604% volatility on return distribution over the 30 days horizon. DOW inherits 0.3625% risk (volatility on return distribution) over the 30 days horizon.