Accenture Volatility

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ACN -- USA Stock  

Fiscal Quarter End: 31st of August 2020  

Accenture Plc appears to be very steady, given 3 months investment horizon. Accenture Plc secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had 0.18% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the 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 Accenture Plc, which you can use to evaluate future volatility of the firm. Please makes use of Accenture Plc risk adjusted performance of 0.3377, and mean deviation of 1.82 to double-check if our risk estimates are consistent with your expectations.

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Accenture Plc Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Accenture daily returns, and it is calculated using variance and standard deviation. We also use Accenture's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Accenture Plc volatility.

  Accenture Plc Interest Expense

90 Days Market Risk

Very steady

Chance of Distress

Very Small

90 Days Economic Sensitivity

Almost neglects market trends

Accenture Plc Market Sensitivity And Downside Risk

Accenture Plc beta coefficient measures the volatility of Accenture stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Accenture stock's returns against your selected market. In other words, Accenture Plc's beta of -0.466 provides an investor with an approximation of how much risk Accenture Plc stock can potentially add to one of your existing portfolios. Let's try to break down what Accenture's beta means in this case. As returns on the market increase, returns on owning Accenture Plc are expected to decrease at a much lower rate. During the bear market, Accenture Plc is likely to outperform the market.
3 Months Beta |Analyze Accenture Plc Demand Trend
Check current 30 days Accenture Plc correlation with market (DOW)
β

Current Accenture Plc Beta Coefficient

 = 

Accenture Plc Central Daily Price Deviations

It is essential to understand the difference between upside risk (as represented by Accenture Plc's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Accenture Plc stock's daily returns or price. Since the actual investment returns on holding a position in Accenture Plc stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Accenture Plc.

Accenture Plc Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Accenture Plc Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Accenture Plc moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

Accenture Plc Projected Return Density Against Market

Considering the 30-days investment horizon, Accenture Plc has a beta of -0.466 . This suggests as returns on benchmark increase, returns on holding Accenture Plc are expected to decrease at a much lower rate. During the bear market, however, Accenture Plc is likely to outperform the market. Moreover, Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Accenture Plc or Artificial Intelligence sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Accenture Plc stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Accenture stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. The company has an alpha of 0.5157, implying that it can generate a 0.52 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

Accenture Plc Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Accenture Plc or Artificial Intelligence sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Accenture Plc stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Accenture stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Considering the 30-days investment horizon, the coefficient of variation of Accenture Plc is 570.88. The daily returns are destributed with a variance of 5.63 and standard deviation of 2.37. The mean deviation of Accenture Plc is currently at 1.71. For similar time horizon, the selected benchmark (DOW) has volatility of 1.82
α
Alpha over DOW
=0.52
β
Beta against DOW=-0.47
σ
Overall volatility
=2.37
Ir
Information ratio =0.12

Accenture Plc Return Volatility

Accenture Plc historical daily return volatility represents how much Accenture Plc stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company has volatility of 2.373% on return distribution over 30 days investment horizon. By contrast, DOW inherits 1.8264% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About Accenture Plc Volatility

Volatility is a rate at which the price of Accenture Plc or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Accenture Plc may increase or decrease. In other words, similar to Accenture's beta indicator, it measures the risk of Accenture Plc and helps estimate the fluctuations that may happen in a short period of time. So if prices of Accenture Plc fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.
Last ReportedProjected for 2020
Market Capitalization153.3 B165.4 B
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media Technology segment provides professional services for clients to accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies. The companys Financial Services segment offers services for profitability pressures, industry consolidation, regulatory changes, and the need to continually adapt to new digital technologies for banking, capital market, and insurance industries. Its Health Public Service segment provides consulting services and digital solutions to help clients deliver social, economic, and health outcomes for healthcare payers and providers, government departments and agencies, public service organizations, educational institutions, and non-profit organizations. The companys Products segment helps clients enhance their performance in distribution, sales, and marketing in research and development, and manufacturing and in business functions, such as finance, human resources, procurement, and supply chain. This segment serves clients in consumer goods, retail, and travel services industries automotive, freight and logistics, industrial and electrical equipment, consumer durable and heavy equipment, and construction and infrastructure management companies and pharmaceutical, medical technology, and biotechnology companies. Its Resources segment enables clients in chemicals, energy, forest products, metals and mining, and utilities industries to develop and implement strategies, improve operations, manage complex change initiatives, and integrate digital technologies. Accenture plc has alliance relationships with Amazon Web Services, Google, Microsoft, Oracle, Pegasystems, Salesforce, SAP, Workday, TradeIX, and Diebold Nixdorf, Incorporated. The company was founded in 1989 and is based in Dublin, Ireland.

Accenture Plc Investment Opportunity

Accenture Plc has a volatility of 2.37 and is 1.3 times more volatile than DOW. 20  of all equities and portfolios are less risky than Accenture Plc. Compared to the overall equity markets, volatility of historical daily returns of Accenture Plc is lower than 20 () of all global equities and portfolios over the last 30 days. Use Accenture Plc to enhance returns of your portfolios. The stock experiences a normal upward fluctuation. Check odds of Accenture Plc to be traded at $231.27 in 30 days. . Let's try to break down what Accenture's beta means in this case. As returns on the market increase, returns on owning Accenture Plc are expected to decrease at a much lower rate. During the bear market, Accenture Plc is likely to outperform the market.

Accenture Plc correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Accenture Plc and equity matching DJI index in the same portfolio.

Accenture Plc Additional Risk Indicators

The analysis of various secondary risk indicators of Accenture Plc is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Accenture Plc investment, and either accepting that risk or mitigating it. Along with some common measures of Accenture Plc stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance0.3377
Market Risk Adjusted Performance(0.94)
Mean Deviation1.82
Semi Deviation1.97
Downside Deviation2.3
Coefficient Of Variation542.89
Standard Deviation2.45

Accenture Plc Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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