Macroaxis considers DENTSPLY SIRONA to be not too risky. DENTSPLY SIRONA Inc secures Sharpe Ratio (or Efficiency) of -0.0305 which denotes DENTSPLY SIRONA Inc had -0.0305% of return per unit of risk over the last 1 month. Macroaxis approach towards predicting 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. DENTSPLY SIRONA Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DENTSPLY SIRONA Inc Semi Deviation of 1.91, Mean Deviation of 1.18 and Downside Deviation of 2.03 to check risk estimate we provide.
|Time Horizon||30 Days Login to change|
DENTSPLY SIRONA Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, DENTSPLY SIRONA will likely underperform.One Month Beta |Analyze DENTSPLY SIRONA Inc Demand TrendCheck current 30 days DENTSPLY SIRONA correlation with market (DOW)|
β = 1.9359
DENTSPLY SIRONA Inc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.9359 . 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, DENTSPLY SIRONA will likely underperform. Additionally, DENTSPLY SIRONA Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of DENTSPLY SIRONA is -3282.61. The daily returns are destributed with a variance of 3.09 and standard deviation of 1.76. The mean deviation of DENTSPLY SIRONA Inc is currently at 1.18. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39