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 TrendCheck current 30 days Cortland Bancorp correlation with market (DOW)|
β = -0.2821
Projected Return Density Against MarketGiven 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).
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