Macroaxis considers Aluminum not very volatile. Aluminum Of China L
secures Sharpe Ratio (or Efficiency) of -0.07 which signifies that Aluminum Of China L
had -0.07% 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
. Aluminum Corporation Of China Limited exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Aluminum Of China L Downside Deviation
of 1.32, Risk Adjusted Performance
of (0.03) and Mean Deviation of 1.13 to double-check risk estimate we provide.
Projected Return Density against Market
Considering 30-days investment horizon, the stock has beta coefficient of 1.51 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Aluminum will likely underperform. Additionally, Aluminum Corporation Of China 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
Considering 30-days investment horizon, the coefficient of variation of Aluminum is -1496.55. The daily returns are destributed with a variance of 2.98 and standard deviation of 1.73. The mean deviation of Aluminum Corporation Of China Limited is currently at 1.13. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.56
Actual Return Volatility
Aluminum Corporation Of China Limited has volatility of 1.73%
on return distribution over 30 days investment horizon. S&P 500 shows 0.56% volatility of returns over 30 trading days.