We consider Curtiss Wright not too risky. Curtiss Wright secures Sharpe Ratio (or Efficiency) of 0.0139 which signifies that Curtiss Wright had 0.0139% 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 technical indicators for Curtiss Wright Corporation which you can use to evaluate future volatility of the firm. Please confirm Curtiss Wright Coefficient Of Variation of 213.5, Risk Adjusted Performance of 0.1289 and Mean Deviation of 0.6876 to double-check if risk estimate we provide are consistent with the epected return of 0.0317%.
|Investment Horizon||30 Days Login to change|
Curtiss Wright Market Sensitivity
|As returns on market increase, returns on owning Curtiss Wright are expected to decrease at a much smaller rate. During bear market, Curtiss Wright is likely to outperform the market.One Month Beta |Analyze Curtiss Wright Demand TrendCheck current 30 days Curtiss Wright correlation with market (DOW)|
β = -0.6236
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Curtiss Wright Corporation has beta of -0.6236 . This suggests as returns on benchmark increase, returns on holding Curtiss Wright are expected to decrease at a much smaller rate. During bear market, however, Curtiss Wright Corporation is likely to outperform the market. Moreover, Curtiss Wright Corporation has an alpha of 0.5157 implying that it can potentially generate 0.5157% excess return over DOW after adjusting for the inherited market risk (beta).
Allowing for the 30-days total investment horizon, the coefficient of variation of Curtiss Wright is 7202.0. The daily returns are destributed with a variance of 5.22 and standard deviation of 2.29. The mean deviation of Curtiss Wright Corporation is currently at 1.07. For similar time horizon, the selected benchmark (DOW) has volatility of 0.26