|Horizon||30 Days Login to change|
Zenith Healthcare Market Sensitivity
|As returns on market increase, returns on owning Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, Zenith Healthcare is likely to outperform the market.One Month Beta |Analyze Zenith Healthcare Demand TrendCheck current 30 days Zenith Healthcare correlation with market (DOW)|
β = -0.1521
Zenith Healthcare Technical Analysis
Zenith Healthcare Projected Return Density Against MarketAssuming 30 trading days horizon, Zenith Healthcare Ltd has beta of -0.1521 . This means as returns on benchmark increase, returns on holding Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, however, Zenith Healthcare Ltd is likely to outperform the market. In addition to that, Zenith Healthcare Ltd has an alpha of 1.2788 implying that it can potentially generate 1.2788% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Zenith Healthcare Return VolatilityZenith Healthcare Ltd accepts 2.9537% volatility on return distribution over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.