Macroaxis considers Cortland Bancorp not very risky given 1 month investment horizon. Cortland Bancorp secures Sharpe Ratio (or Efficiency) of 0.142 which signifies that Cortland Bancorp had 0.142% of return per unit of risk over the last 1 month. Our philosophy towards 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 Cortland Bancorp which you can use to evaluate future volatility of the firm. Please makes use of Cortland Bancorp Risk Adjusted Performance of 0.066 and Mean Deviation of 0.8975 to double-check if our risk estimates are consistent with your expectations.
|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 by larger amounts. On the other hand, during market turmoil, Cortland Bancorp is expected to significantly outperform it.One Month Beta |Analyze Cortland Bancorp Demand TrendCheck current 30 days Cortland Bancorp correlation with market (DOW)|
β = -1.3168
Cortland Bancorp Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Cortland Bancorp has beta of -1.3168 . This suggests as returns on its benchmark rise, returns on holding Cortland Bancorp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Cortland Bancorp is expected to outperform its benchmark. Moreover, Cortland Bancorp has an alpha of 0.5489 implying that it can potentially generate 0.5489% 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 704.18. The daily returns are destributed with a variance of 3.38 and standard deviation of 1.84. The mean deviation of Cortland Bancorp is currently at 0.95. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47