We consider CCA Industries unusually risky. CCA Industries Inc retains Efficiency (Sharpe Ratio) of 0.0078 which signifies that CCA Industries Inc had 0.0078% of return per unit of risk over the last 1 month. Our approach to 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 CCA Industries which you can use to evaluate future volatility of the entity. Please confirm CCA Industries Inc Coefficient Of Variation of 4567.75 and Market Risk Adjusted Performance of
(0.027547) to double-check if risk estimate we provide are consistent with the epected return of 0.0123%.
|Investment 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 TrendCheck current 30 days CCA Industries correlation with market (DOW)|
β = -0.6599
CCA Industries Inc Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, CCA Industries Inc has beta of -0.6599 . 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. Moreover, CCA Industries Inc has an alpha of 0.1622 implying that it can potentially generate 0.1622% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of CCA Industries is 12864.2. The daily returns are destributed with a variance of 2.51 and standard deviation of 1.59. The mean deviation of CCA Industries Inc is currently at 1.04. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49