AFRICA is unusually risky given 1 month investment horizon. AFRICA RESIDENCES
secures Sharpe Ratio (or Efficiency) of 0.29 which signifies that AFRICA RESIDENCES
had 0.29% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use AFRICA RESIDENCES
market data together with company specific technical indicators
. We found twenty-eight different technical indicators
which can help you to evaluate if expected returns of 820.18% are justified by taking the suggested risk. Use AFRICA Mean Deviation
of 1503.26 and Risk Adjusted Performance
of 0.2535 to evaluate company specific risk that cannot be diversified away.
Projected Return Density against Market
Assuming 30 trading days horizon, the stock has beta cooficient of 95.0 . 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, AFRICA will likely underperform. In addition to that, AFRICA RESIDENCES has alpha of 95.0 implying that it can potentially generate 95.0% excess return over S&P 500 after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of AFRICA is 346.32. The daily returns are destributed with a variance of 8067998.45 and standard deviation of 2840.42. The mean deviation of AFRICA RESIDENCES is currently at 1503.26. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.84
Actual Return Volatility
AFRICA RESIDENCES accepts 2840.42% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.84% volatility of returns over 30 trading days.