Projected Return Density against MarketAssuming 30 trading days horizon, Corporation has beta of 0.46 . This suggests as returns on market go up, Corporation avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Corporation Bank will be expected to be much smaller as well. Moreover, Corporation Bank has alpha of 0.46 implying that it can potentially generate 0.46% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Corporation is 1717.09. The daily returns are destributed with a variance of 3.46 and standard deviation of 1.86. The mean deviation of Corporation Bank is currently at 1.07. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.58
Actual Return VolatilityCorporation Bank accepts 1.86% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.57% volatility of returns over 30 trading days.
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Corporation Bank has a volatility of 1.86 and is 1.88 times more volatile than BSE. 24% of all equities and portfolios are less risky than Corporation. Compared with the overall equity markets, volatility of historical daily returns of Corporation Bank is lower than 24 (%) of all global equities and portfolios over the last 30 days. Use Corporation Bank to enhance returns of your portfolios. The stock experiences moderate upward volatility. As returns on market increase, Corporation returns are expected to increase less than the market. However during bear market, the loss on holding Corporation will be expected to be smaller as well.
Corporation correlation with market
Corporation Current Risk Indicators
Suggested Divercification Pairs