Cortland Bancorp Risk Analysis

Cortland Bancorp -- USA Stock  

USD 18  0.05  0.28%

Macroaxis considers Cortland Bancorp to be not very risky. Cortland Bancorp secures Sharpe Ratio (or Efficiency) of -0.0109 which signifies that Cortland Bancorp had -0.0109% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. Cortland Bancorp exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cortland Bancorp Risk Adjusted Performance of 0.0063 and Mean Deviation of 0.7123 to double-check risk estimate we provide.
Investment Horizon     30 Days    Login   to change

Cortland Bancorp Market Sensitivity

As returns on market increase, returns on owning Cortland Bancorp are expected to decrease at a much smaller rate. During bear market, Cortland Bancorp is likely to outperform the market.
One Month Beta |Analyze Cortland Bancorp Demand Trend
Check current 30 days Cortland Bancorp correlation with market (DOW)
β = -0.2821
Cortland Bancorp Almost negative betaCortland Bancorp Beta Legend

Projected Return Density Against Market

Given the investment horizon of 30 days, Cortland Bancorp has beta of -0.2821 . This suggests as returns on benchmark increase, returns on holding Cortland Bancorp are expected to decrease at a much smaller rate. During bear market, however, Cortland Bancorp is likely to outperform the market. Moreover, Cortland Bancorp has an alpha of 0.004 implying that it can potentially generate 0.004% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Cortland Bancorp is -9211.98. The daily returns are destributed with a variance of 3.41 and standard deviation of 1.85. The mean deviation of Cortland Bancorp is currently at 0.68. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23
α
Alpha over DOW
= 0.004 
βBeta against DOW=(0.28) 
σ
Overall volatility
= 1.85 
 IrInformation ratio =(0.0819) 

Actual Return Volatility

Cortland Bancorp inherits 1.8468% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.2303% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Cortland Bancorp Volatility Factors

30 Days Market Risk

Not very risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Almost neglects market

Total Debt

Cortland Bancorp Total Debt History

Total Debt

Largest Trends

Cortland Bancorp Largest Period Trend

Investment Outlook

Cortland Bancorp Investment Opportunity
Cortland Bancorp has a volatility of 1.85 and is 8.04 times more volatile than DOW. 17% of all equities and portfolios are less risky than Cortland Bancorp. Compared to the overall equity markets, volatility of historical daily returns of Cortland Bancorp is lower than 17 (%) of all global equities and portfolios over the last 30 days. Use Cortland Bancorp to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Cortland Bancorp to be traded at $17.82 in 30 days. As returns on market increase, returns on owning Cortland Bancorp are expected to decrease at a much smaller rate. During bear market, Cortland Bancorp is likely to outperform the market.

Cortland Bancorp correlation with market

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

Volatility Indicators

Cortland Bancorp Current Risk Indicators