Projected Return Density against MarketAssuming 30 trading days horizon, Fred Olsen Energy ASA has beta of -0.74 suggesting as returns on benchmark increase, returns on holding Fred are expected to decrease at a much smaller rate. During bear market, however, Fred Olsen Energy ASA is likely to outperform the market. Additionally, Fred Olsen Energy ASA has negative alpha implying that risk taken by holding this securing is not justified. The company is significantly underperforming S&P 500 Assuming 30 trading days horizon, the coefficient of variation of Fred is -962.89. The daily returns are destributed with a variance of 10.97 and standard deviation of 3.31. The mean deviation of Fred Olsen Energy ASA is currently at 1.55. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.84
Actual Return VolatilityFred Olsen Energy ASA accepts 3.31% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.84% volatility of returns over 30 trading days.
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Fred Olsen Energy ASA has a volatility of 3.31 and is 3.94 times more volatile than S&P 500. 41% of all equities and portfolios are less risky than Fred. Compared with the overall equity markets, volatility of historical daily returns of Fred Olsen Energy ASA is lower than 41 (%) of all global equities and portfolios over the last 30 days. Use Fred Olsen Energy ASA to protect against small markets fluctuations. The otc stock experiences no pattern. Wait for more market signals and watch out for any hype. As returns on market increase, returns on owning Fred are expected to decrease at a much smaller rate. During bear market, Fred is likely to outperform the market.
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