Heritage risk analysis

Use Heritage Oil Plc risk analysis concurrently with your other holdings, portfolios, and investing themes to protect against small markets fluctuations and to back test it against optimization strategy that fits your risk preferences.  Analyze Themes

Projected Return Density against Market

Assuming 30 trading days horizon, Heritage Oil Plc has beta of -0.77 . This indicates as returns on benchmark increase, returns on holding Heritage are expected to decrease at a much smaller rate. During bear market, however, Heritage Oil Plc is likely to outperform the market. Additionally, Heritage Oil Plc 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 Heritage is -272.53. The daily returns are destributed with a variance of 16.22 and standard deviation of 4.03. The mean deviation of Heritage Oil Plc is currently at 2.49. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.54

	(alpha)	=	(0.77)	Details
	(beta)	=	(0.77)	Details
	(volatility)	=	4.03	Details

Actual Return Volatility

Heritage Oil Plc accepts 4.03% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.55% volatility of returns over 30 trading days.