We consider Aqua abnormally risky. Aqua Pure Ventures
secures Sharpe Ratio (or Efficiency) of 0.01 which signifies that Aqua Pure Ventures
had 0.01% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Aqua Pure Ventures Inc which you can use to evaluate future volatility of the firm. Please confirm Aqua Pure Ventures Downside Deviation
of 13.11, Risk Adjusted Performance
of 0.0166 and Mean Deviation
of 6.63 to double-check if risk estimate we provide are consistent with the epected return of 0.09%.
Projected Return Density against Market
Assuming 30 trading days horizon, Aqua has beta of 0.28 . This suggests as returns on market go up, Aqua avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Aqua Pure Ventures Inc will be expected to be much smaller as well. Moreover, Aqua Pure Ventures Inc has alpha of 0.28 implying that it can potentially generate 0.28% 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 Aqua is 12001.82. The daily returns are destributed with a variance of 107.98 and standard deviation of 10.39. The mean deviation of Aqua Pure Ventures Inc is currently at 6.63. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.89
Actual Return Volatility
Aqua Pure Ventures Inc shows 10.39% volatility of returns over 30 trading days. S&P 500 shows 0.89% volatility of returns over 30 trading days.