Projected Return Density against MarketAssuming 30 trading days horizon, First National Corp has beta of -2.71 suggesting as returns on its benchmark rise, returns on holding First National Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, First is expected to outperform its benchmark. Moreover, First National Corp has alpha of 0.4087 implying that it can potentially generate 0.4087% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of First is 1234.61. The daily returns are destributed with a variance of 7.73 and standard deviation of 2.78. The mean deviation of First National Corp is currently at 2.06. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.56
Actual Return VolatilityFirst National Corp accepts 2.78% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.56% volatility of returns over 30 trading days.
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First National Corp has a volatility of 2.78 and is 4.96 times more volatile than S&P 500. 29% of all equities and portfolios are less risky than First. Compared with the overall equity markets, volatility of historical daily returns of First National Corp is lower than 29 (%) of all global equities and portfolios over the last 30 days. Use First National Corp to protect against small markets fluctuations. The otc equity experiences normal downward fluctuation but is a risky buy. Check odds of First to be traded at 5.69 in 30 days. As returns on market increase, returns on owning First are expected to decrease by larger amounts. On the other hand, during market turmoil, First is expected to significantly outperform it.
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