Projected Return Density against Market
Considering 30-days investment horizon, AptarGroup has beta of 0.95 . This suggests AptarGroup Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, AptarGroup is expected to follow. Moreover, AptarGroup Inc has alpha of 0.95 implying that it can potentially generate 0.95% excess return over S&P 500 after adjusting for the inherited market risk (beta).
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of AptarGroup is 453.23. The daily returns are destributed with a variance of 0.61 and standard deviation of 0.78. The mean deviation of AptarGroup Inc is currently at 0.63. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.55
Actual Return Volatility
AptarGroup Inc has volatility of 0.78%
on return distribution over 30 days investment horizon. S&P 500 shows 0.55% volatility of returns over 30 trading days.