Macroaxis considers China Ming abnormally risky given 1 month investment horizon. China Ming Yang secures Sharpe Ratio (or Efficiency) of 0.0999 which signifies that China Ming Yang had 0.0999% of return per unit of risk over the last 1 month. 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. By analyzing China Ming Yang technical indicators you can presently evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of China Ming Yang Risk Adjusted Performance of 0.0268 and Mean Deviation of 2.25 to double-check if our risk estimates are consistent with your expectations.
|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 = 2.7685
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, the stock has beta coefficient of 2.7685 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. Additionally, China Ming Yang Wind Power Group Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Allowing for the 30-days total investment horizon, the coefficient of variation of China Ming is 1000.92. The daily returns are destributed with a variance of 28.14 and standard deviation of 5.3. The mean deviation of China Ming Yang Wind Power Group Limited is currently at 2.91. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23