Macroaxis considers Cadus exceptionally risky given 1 month investment horizon. Cadus secures Sharpe Ratio (or Efficiency) of 0.196 which signifies that Cadus had 0.196% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing Cadus technical indicators you can presently evaluate if the expected return of 0.643% is justified by implied risk. Please makes use of Cadus Mean Deviation of 1.46 and Risk Adjusted Performance of 0.1048 to double-check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Cadus Market Sensitivity
|As returns on market increase, Cadus returns are expected to increase less than the market. However during bear market, the loss on holding Cadus will be expected to be smaller as well.One Month Beta |Analyze Cadus Demand TrendCheck current 30 days Cadus correlation with market (DOW)|
β = 0.4639
Cadus Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Cadus has beta of 0.4639 indicating as returns on market go up, Cadus average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Cadus Corporation will be expected to be much smaller as well. Moreover, Cadus Corporation has an alpha of 0.522 implying that it can potentially generate 0.522% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Cadus is 510.3. The daily returns are destributed with a variance of 10.77 and standard deviation of 3.28. The mean deviation of Cadus Corporation is currently at 1.52. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47