Macroaxis considers Australian abnormally risky. Australian Bauxite L
secures Sharpe Ratio (or Efficiency) of -0.03 which signifies that Australian Bauxite L
had -0.03% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing 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
. Australian Bauxite Limited exposes twenty-seven different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Australian Bauxite L Downside Deviation
of 6.24, Risk Adjusted Performance
of (0.0055) and Mean Deviation of 4.77 to double-check risk estimate we provide.
Projected Return Density against Market
Assuming 30 trading days horizon, Australian Bauxite Limited has beta of -0.93 . This suggests Additionally, Australian Bauxite Limited has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Australian is -3046.37. The daily returns are destributed with a variance of 43.46 and standard deviation of 6.59. The mean deviation of Australian Bauxite Limited is currently at 4.77. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.45
Actual Return Volatility
Australian Bauxite Limited assumes 6.59% volatility of returns over the 30 days investment horizon. S&P 500 shows 0.45% volatility of returns over 30 trading days.