Macroaxis considers ACREX to be abnormally risky. ACREX VENTURES LTD secures Sharpe Ratio (or Efficiency) of -0.2425 which signifies that ACREX VENTURES LTD had -0.2425% of return per unit of risk over the last 1 month. Macroaxis approach 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. ACREX VENTURES LTD exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ACREX VENTURES LTD Mean Deviation of 17.49 and Coefficient Of Variation of 575.0 to double-check risk estimate we provide.
Assuming 30 trading days horizon, ACREX VENTURES LTD has beta of -22.2434 . This suggests as returns on its benchmark rise, returns on holding ACREX VENTURES LTD are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ACREX is expected to outperform its benchmark. In addition to that, ACREX VENTURES LTD has an alpha of 5.6928 implying that it can potentially generate 5.6928% excess return over NYSE after adjusting for the inherited market risk (beta).
Assuming 30 trading days horizon, the coefficient of variation of ACREX is -412.31. The daily returns are destributed with a variance of 65.36 and standard deviation of 8.08. The mean deviation of ACREX VENTURES LTD is currently at 3.69. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.86
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ACREX VENTURES LTD has a volatility of 8.08 and is 9.62 times more volatile than NYSE. 82% of all equities and portfolios are less risky than ACREX. Compared with the overall equity markets, volatility of historical daily returns of ACREX VENTURES LTD is higher than 82 (%) of all global equities and portfolios over the last 30 days. Use ACREX VENTURES LTD to protect against small markets fluctuations. The otc equity experiences normal downward fluctuation but is a risky buy. Check odds of ACREX to be traded at 0.0198 in 30 days. As returns on market increase, returns on owning ACREX are expected to decrease by larger amounts. On the other hand, during market turmoil, ACREX is expected to significantly outperform it.
ACREX correlation with market
Very good diversificationOverlapping area represents amount of risk that can be diversified away by holding ACREX VENTURES LTD and equity matching NYA index in the same portfolio