Macroaxis considers CCA Industries to be extremely risky. CCA Industries Inc retains Efficiency (Sharpe Ratio) of -0.2259 which signifies that CCA Industries Inc had -0.2259% 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
(432.86) and Market Risk Adjusted Performance of 0.7407 to double-check risk estimate we provide.
|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 = -0.764
Projected Return Density Against MarketConsidering 30-days investment horizon, CCA Industries Inc has beta of -0.764 . 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
Considering 30-days investment horizon, the coefficient of variation of CCA Industries is -442.67. The daily returns are destributed with a variance of 5.39 and standard deviation of 2.32. The mean deviation of CCA Industries Inc is currently at 1.37. For similar time horizon, the selected benchmark (DOW) has volatility of 0.26