China Ming is abnormally risky given 1 month investment horizon. China Ming Yang secures Sharpe Ratio (or Efficiency) of 0.648 which signifies that China Ming Yang had 0.648% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use China Ming Yang market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 6.2884% are justified by taking the suggested risk. Use China Ming Risk Adjusted Performance of 0.2302 and Mean Deviation of 7.36 to evaluate company specific risk that cannot be diversified away.
|Investment Horizon||30 Days Login to change|
China Ming Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, China Ming will likely underperform.One Month Beta |Analyze China Ming Yang Demand TrendCheck current 30 days China Ming correlation with market (DOW)|
β = 11.7069
China Ming Yang Technical Analysis
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, the stock has beta coefficient of 11.7069 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, China Ming will likely underperform. In addition to that, China Ming Yang Wind Power Group Limited has an alpha of 2.0433 implying that it can potentially generate 2.0433% excess return over DOW after adjusting for the inherited market risk (beta).
Allowing for the 30-days total investment horizon, the coefficient of variation of China Ming is 154.32. The daily returns are destributed with a variance of 94.17 and standard deviation of 9.7. The mean deviation of China Ming Yang Wind Power Group Limited is currently at 6.99. For similar time horizon, the selected benchmark (DOW) has volatility of 0.5