Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for China Ming Yang Wind Power Group Limited which you can use to evaluate future volatility of the firm. Please confirm China Ming Yang Risk Adjusted Performance of 0.2561 and Mean Deviation of 29.45 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
|Time Horizon||30 Days Login to change|
China Ming Market Sensitivity
|As returns on market increase, returns on owning China Ming are expected to decrease by larger amounts. On the other hand, during market turmoil, China Ming is expected to significantly outperform it.2 Months Beta |Analyze China Ming Yang Demand TrendCheck current 30 days China Ming correlation with market (DOW)|
β = -3.1682
China Ming Yang Technical Analysis
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, China Ming Yang Wind Power Group Limited has beta of -3.1682 indicating as returns on its benchmark rise, returns on holding China Ming Yang Wind Power Group Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, China Ming is expected to outperform its benchmark. In addition to that, China Ming Yang Wind Power Group Limited has an alpha of 14.3617 implying that it can potentially generate 14.3617% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density