Projected Return Density against MarketAssuming 30 trading days horizon, Corex has beta of 0.72 . This suggests as returns on market go up, Corex avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Corex Gold Corp will be expected to be much smaller as well. In addition to that, Corex Gold Corp has alpha of 2.1191 implying that it can potentially generate 2.1191% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Corex is 758.33. The daily returns are destributed with a variance of 276.56 and standard deviation of 16.63. The mean deviation of Corex Gold Corp is currently at 6.79. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.46
Actual Return VolatilityCorex Gold Corp accepts 16.63% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.46% volatility of returns over 30 trading days.
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Corex Gold Corp has a volatility of 16.63 and is 36.15 times more volatile than S&P 500. 96% of all equities and portfolios are less risky than Corex. Compared with the overall equity markets, volatility of historical daily returns of Corex Gold Corp is higher than 96 (%) of all global equities and portfolios over the last 30 days. Use Corex Gold Corp to protect against small markets fluctuations. The otc stock experiences normal downward fluctuation but is a risky buy. Check odds of Corex to be traded at 0.0495 in 30 days. As returns on market increase, Corex returns are expected to increase less than the market. However during bear market, the loss on holding Corex will be expected to be smaller as well.
Corex correlation with market
Corex Current Risk Indicators
Suggested Divercification Pairs