Macroaxis considers DENTSPLY SIRONA to be not too risky. DENTSPLY SIRONA Inc secures Sharpe Ratio (or Efficiency) of -0.1477 which denotes DENTSPLY SIRONA Inc had -0.1477% 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-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DENTSPLY SIRONA Inc Mean Deviation of 1.08 to check risk estimate we provide.
|Time Horizon||30 Days Login to change|
DENTSPLY SIRONA Market Sensitivity
|As returns on market increase, returns on owning DENTSPLY SIRONA are expected to decrease at a much smaller rate. During bear market, DENTSPLY SIRONA is likely to outperform the market.One Month Beta |Analyze DENTSPLY SIRONA Inc Demand TrendCheck current 30 days DENTSPLY SIRONA correlation with market (DOW)|
β = -0.195
DENTSPLY SIRONA Inc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, DENTSPLY SIRONA Inc has beta of -0.195 . This means as returns on benchmark increase, returns on holding DENTSPLY SIRONA are expected to decrease at a much smaller rate. During bear market, however, DENTSPLY SIRONA Inc is likely to outperform the market. 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 -677.02. The daily returns are destributed with a variance of 1.74 and standard deviation of 1.32. The mean deviation of DENTSPLY SIRONA Inc is currently at 1.08. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12