Projected Return Density against MarketAssuming 30 trading days horizon, the otc stock has beta coefficient of 1.79 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, CYNAF will likely underperform. Additionally, CYNAF has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500 Assuming 30 trading days horizon, the coefficient of variation of CYNAF is 4415.56. The daily returns are destributed with a variance of 22.56 and standard deviation of 4.75. The mean deviation of CYNAF is currently at 3.22. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.46
Actual Return VolatilityCYNAF accepts 4.75% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.46% volatility of returns over 30 trading days.
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CYNAF has a volatility of 4.75 and is 10.33 times more volatile than S&P 500. 51% of all equities and portfolios are less risky than CYNAF. Compared with the overall equity markets, volatility of historical daily returns of CYNAF is higher than 51 (%) of all global equities and portfolios over the last 30 days. Use CYNAF to protect against small markets fluctuations. The otc stock experiences normal downward fluctuation but is a risky buy. Check odds of CYNAF to be traded at 0.3762 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, CYNAF will likely underperform.
CYNAF correlation with market
CYNAF Current Risk Indicators
Suggested Divercification Pairs