|Horizon||30 Days Login to change|
WS Industries Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, WS Industries will likely underperform.One Month Beta |Analyze WS Industries Demand TrendCheck current 30 days WS Industries correlation with market (DOW)|
β = 1.9018
WS Industries Technical Analysis
WS Industries Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 1.9018 . This means as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, WS Industries will likely underperform. Moreover, WS Industries has an alpha of 0.2892 implying that it can potentially generate 0.2892% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
WS Industries Return VolatilityWS Industries assumes 5.3659% volatility of returns over the 30 days investment horizon. DOW inherits 0.3625% risk (volatility on return distribution) over the 30 days horizon.