Projected Return Density against MarketAssuming 30 trading days horizon, Belk has beta of 0.02 . This suggests as returns on market go up, Belk avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Belk Inc will be expected to be much smaller as well. Moreover, Belk Inc has alpha of 0.02 implying that it can potentially generate 0.02% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Belk is 650.41. The daily returns are destributed with a variance of 0.12 and standard deviation of 0.35. The mean deviation of Belk Inc is currently at 0.14. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.57
Actual Return VolatilityBelk Inc accepts 0.35% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.57% volatility of returns over 30 trading days.
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S&P 500 has a standard deviation of returns of 0.57 and is 1.63 times more volatile than Belk Inc. 4% of all equities and portfolios are less risky than Belk. Compared with the overall equity markets, volatility of historical daily returns of Belk Inc is lower than 4 (%) of all global equities and portfolios over the last 30 days. Use Belk Inc to protect against small markets fluctuations. The otc equity experiences no pattern. Wait for more market signals and watch out for any hype. As returns on market increase, Belk returns are expected to increase less than the market. However during bear market, the loss on holding Belk will be expected to be smaller as well.
Belk correlation with market
Belk Current Risk Indicators
Suggested Divercification Pairs