DENTSPLY SIRONA Risk Analysis And Volatility Evaluation

XRAY -- USA Stock  

USD 36.19  0.12  0.33%

We consider DENTSPLY SIRONA not too risky. DENTSPLY SIRONA secures Sharpe Ratio (or Efficiency) of 0.0346 which denotes DENTSPLY SIRONA had 0.0346% of return per unit of risk over the last 2 months. Our approach towards predicting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for DENTSPLY SIRONA which you can use to evaluate future volatility of the firm. Please confirm DENTSPLY SIRONA Semi Deviation of 1.46, Mean Deviation of 1.19 and Downside Deviation of 1.53 to check if risk estimate we provide are consistent with the epected return of 0.0533%.
Interest Expense
Horizon     30 Days    Login   to change

DENTSPLY SIRONA Market Sensitivity

As returns on market increase, DENTSPLY SIRONA returns are expected to increase less than the market. However during bear market, the loss on holding DENTSPLY SIRONA will be expected to be smaller as well.
2 Months Beta |Analyze DENTSPLY SIRONA Demand Trend
Check current 30 days DENTSPLY SIRONA correlation with market (DOW)
β = 0.2297

DENTSPLY SIRONA Central Daily Price Deviation

DENTSPLY SIRONA Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. DENTSPLY SIRONA Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

DENTSPLY SIRONA Projected Return Density Against Market

Given the investment horizon of 30 days, DENTSPLY SIRONA has beta of 0.2297 . This means as returns on market go up, DENTSPLY SIRONA average returns are expected to increase less than the benchmark. However during bear market, the loss on holding DENTSPLY SIRONA will be expected to be much smaller as well. Moreover, DENTSPLY SIRONA has an alpha of 0.0416 implying that it can potentially generate 0.0416% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of DENTSPLY SIRONA is 2892.08. The daily returns are destributed with a variance of 2.38 and standard deviation of 1.54. The mean deviation of DENTSPLY SIRONA is currently at 1.19. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.0416
β
Beta against DOW=0.23
σ
Overall volatility
=1.54
Ir
Information ratio =0.12

DENTSPLY SIRONA Return Volatility

DENTSPLY SIRONA inherits 1.5416% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 1.3173% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

DENTSPLY SIRONA Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

60 Days Economic Sensitivity

Slowly supersedes market

Investment Outlook

DENTSPLY SIRONA Investment Opportunity

DENTSPLY SIRONA has a volatility of 1.54 and is 1.17 times more volatile than DOW. 13% of all equities and portfolios are less risky than DENTSPLY SIRONA. Compared to the overall equity markets, volatility of historical daily returns of DENTSPLY SIRONA is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use DENTSPLY SIRONA to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of DENTSPLY SIRONA to be traded at $35.83 in 30 days. As returns on market increase, DENTSPLY SIRONA returns are expected to increase less than the market. However during bear market, the loss on holding DENTSPLY SIRONA will be expected to be smaller as well.

DENTSPLY SIRONA correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding DENTSPLY SIRONA Inc and equity matching DJI index in the same portfolio.

DENTSPLY SIRONA Volatility Indicators

DENTSPLY SIRONA Current Risk Indicators

See also Your Current Watchlist. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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