|Horizon||30 Days Login to change|
Zacks Market Market Sensitivity
|As returns on market increase, Zacks Market returns are expected to increase less than the market. However during bear market, the loss on holding Zacks Market will be expected to be smaller as well.One Month Beta |Analyze Zacks Market Neutral Demand TrendCheck current 30 days Zacks Market correlation with market (DOW)|
β = 0.1706
Zacks Market Neutral Technical Analysis
Zacks Market Projected Return Density Against MarketAssuming 30 trading days horizon, Zacks Market has beta of 0.1706 . This means as returns on market go up, Zacks Market average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Zacks Market Neutral Institutional will be expected to be much smaller as well. Additionally, Zacks Market Neutral Institutional 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
Zacks Market Return VolatilityZacks Market Neutral Institutional shows 0.2855% volatility of returns over 30 trading days. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.