We consider Cadiz not too volatile. Cadiz Inc secures Sharpe Ratio (or Efficiency) of 0.0768 which signifies that Cadiz Inc had 0.0768% of return per unit of standard deviation over the last 1 month. Our philosophy in 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-eight technical indicators for Cadiz Inc which you can use to evaluate future volatility of the firm. Please confirm Cadiz Inc Mean Deviation of 0.8126 and Risk Adjusted Performance of 0.0326 to double-check if risk estimate we provide are consistent with the epected return of 0.0734%.
|Investment Horizon||30 Days Login to change|
Cadiz Market Sensitivity
|As returns on market increase, Cadiz returns are expected to increase less than the market. However during bear market, the loss on holding Cadiz will be expected to be smaller as well.One Month Beta |Analyze Cadiz Inc Demand TrendCheck current 30 days Cadiz correlation with market (DOW)|
β = 0.5934
Projected Return Density Against MarketGiven the investment horizon of 30 days, Cadiz has beta of 0.5934 . This suggests as returns on market go up, Cadiz average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Cadiz Inc will be expected to be much smaller as well. Moreover, Cadiz Inc has an alpha of 0.0014 implying that it can potentially generate 0.0014% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Cadiz is 1302.59. The daily returns are destributed with a variance of 0.91 and standard deviation of 0.96. The mean deviation of Cadiz Inc is currently at 0.8. For similar time horizon, the selected benchmark (DOW) has volatility of 0.26