Fred risk analysis

Macroaxis considers Fred risky. Fred Olsen Energy ASA secures Sharpe Ratio (or Efficiency) of -0.1 which denotes Fred Olsen Energy ASA had -0.1% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Fred Olsen Energy ASA exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to make sure to check Fred Olsen Energy ASA Coefficient Of Variation of (963) and Mean Deviation of 1.55 to check risk estimate we provide.

Projected Return Density against Market

Assuming 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 500Assuming 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

	(alpha)	=	(0.74)	Details
	(beta)	=	(0.74)	Details
	(volatility)	=	3.31	Details

Actual Return Volatility

Fred 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.