Projected Return Density against MarketAssuming 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 500 Assuming 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
Actual Return VolatilityHeritage 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.
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Heritage Oil Plc has a volatility of 4.03 and is 7.33 times more volatile than S&P 500. 53% of all equities and portfolios are less risky than Heritage. Compared with the overall equity markets, volatility of historical daily returns of Heritage Oil Plc is higher than 53 (%) of all global equities and portfolios over the last 30 days. Use Heritage Oil Plc 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 Heritage are expected to decrease at a much smaller rate. During bear market, Heritage is likely to outperform the market.
Heritage correlation with market
Heritage Current Risk Indicators
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