DENTSPLY SIRONA Risk Analysis

DENTSPLY SIRONA Inc -- USA Stock  

USD 65.79  1.54  2.4%

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 Trend
Check current 30 days DENTSPLY SIRONA correlation with market (DOW)
β = 1.9359
DENTSPLY SIRONA Large BetaDENTSPLY SIRONA Inc Beta Legend

DENTSPLY SIRONA Inc Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. DENTSPLY SIRONA Inc 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.

Projected Return Density Against Market

Given 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
 Predicted Return Density 
      Returns 
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
α
Alpha over DOW
=0.38
β
Beta against DOW=1.94
σ
Overall volatility
=1.76
Ir
Information ratio =0.1

Actual Return Volatility

DENTSPLY SIRONA Inc inherits 1.7569% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.3852% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

DENTSPLY SIRONA Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Very low

30 Days Economic Sensitivity

Very susceptible to market

Total Debt

DENTSPLY SIRONA Inc Total Debt History

Total Debt

Largest Trends

DENTSPLY SIRONA Largest Period Trend

Investment Outlook

DENTSPLY SIRONA Investment Opportunity
DENTSPLY SIRONA Inc has a volatility of 1.76 and is 4.51 times more volatile than DOW. 16% 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 Inc is lower than 16 (%) of all global equities and portfolios over the last 30 days. Use DENTSPLY SIRONA Inc to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of DENTSPLY SIRONA to be traded at $78.95 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, DENTSPLY SIRONA will likely underperform.

DENTSPLY SIRONA correlation with market

Very weak 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.