EnWave risk analysis

Use EnWave Corp (#2445278CA) risk analysis together with your stock portfolios to enhance returns of your portfolios and to determine Stock optimization strategy that fits your criteria.  Suggest Portfolio

Projected Return Density against Market

Assuming 30 trading days horizon, the stock has beta cooficient of 1.48 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, EnWave will likely underperform. In addition to that, EnWave Corp has alpha of 1.48 implying that it can potentially generate 1.48% excess return over Canada Composite after adjusting for the inherited market risk (beta).Assuming 30 trading days horizon, the coefficient of variation of EnWave is -8651.79. The daily returns are destributed with a variance of 13.1 and standard deviation of 3.62. The mean deviation of EnWave Corp is currently at 2.46. For similar time horizon, the selected benchmark (Canada Composite) has volatility of 0.66

	(alpha)	=	1.48	Details
	(beta)	=	1.48	Details
	(volatility)	=	3.62	Details

Actual Return Volatility

EnWave Corp shows 3.62% volatility of returns over 30 trading days. Canada Composite accepts 0.66% volatility on return distribution over the 30 days horizon.