CCA Industries Risk Analysis

CCA Industries Inc -- USA Stock  

USD 3.00  0.051  1.67%

Macroaxis considers CCA Industries to be risky. CCA Industries Inc retains Efficiency (Sharpe Ratio) of -0.1003 which signifies that CCA Industries Inc had -0.1003% of return per unit of risk over the last 1 month. Macroaxis approach to 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. CCA Industries exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CCA Industries Inc Coefficient Of Variation of 1,020 and Market Risk Adjusted Performance of 11.32 to double-check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

CCA Industries Market Sensitivity

As returns on market increase, returns on owning CCA Industries are expected to decrease at a much smaller rate. During bear market, CCA Industries is likely to outperform the market.
One Month Beta |Analyze CCA Industries Inc Demand Trend
Check current 30 days CCA Industries correlation with market (DOW)
β = -0.0132
CCA Industries Almost negative betaCCA Industries Inc Beta Legend

CCA Industries Inc Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. CCA Industries Inc Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 30-days investment horizon, CCA Industries Inc has beta of -0.0132 . This suggests as returns on benchmark increase, returns on holding CCA Industries are expected to decrease at a much smaller rate. During bear market, however, CCA Industries Inc is likely to outperform the market. Additionally, CCA Industries Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of CCA Industries is -997.34. The daily returns are destributed with a variance of 2.12 and standard deviation of 1.45. The mean deviation of CCA Industries Inc is currently at 1.05. For similar time horizon, the selected benchmark (DOW) has volatility of 1.75
α
Alpha over DOW
=0.15
β
Beta against DOW=0.01
σ
Overall volatility
=1.45
Ir
Information ratio =0.0966

Actual Return Volatility

CCA Industries Inc has volatility of 1.4548% on return distribution over 30 days investment horizon. DOW inherits 1.7888% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

CCA Industries Volatility Factors

30 Days Market Risk

Risky

Chance of Distress in 24 months

30 Days Economic Sensitivity

Indifferent to market move

Total Debt

CCA Industries Inc Total Debt History

Total Debt

Largest Trends

CCA Industries Largest Period Trend

Investment Outlook

CCA Industries Investment Opportunity
DOW has a standard deviation of returns of 1.79 and is 1.23 times more volatile than CCA Industries Inc. 13% of all equities and portfolios are less risky than CCA Industries. Compared to the overall equity markets, volatility of historical daily returns of CCA Industries Inc is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use CCA Industries Inc to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of CCA Industries to be traded at $2.91 in 30 days. As returns on market increase, returns on owning CCA Industries are expected to decrease at a much smaller rate. During bear market, CCA Industries is likely to outperform the market.

CCA Industries correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding CCA Industries Inc and equity matching DJI index in the same portfolio.