Projected Return Density against MarketAssuming 30 trading days horizon, Parkson Retail Group Limited has beta of -2.37 . This implies as returns on its benchmark rise, returns on holding Parkson Retail Group Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Parkson is expected to outperform its benchmark. Additionally, Parkson Retail Group Limited 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 Parkson is -469.04. The daily returns are destributed with a variance of 18.75 and standard deviation of 4.33. The mean deviation of Parkson Retail Group Limited is currently at 1.76. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.57
Actual Return VolatilityParkson Retail Group Limited accepts 4.33% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.57% volatility of returns over 30 trading days.
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Parkson Retail Group Limited has a volatility of 4.33 and is 7.6 times more volatile than S&P 500. 57% of all equities and portfolios are less risky than Parkson. Compared with the overall equity markets, volatility of historical daily returns of Parkson Retail Group Limited is higher than 57 (%) of all global equities and portfolios over the last 30 days. Use Parkson Retail Group Limited 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 Parkson are expected to decrease by larger amounts. On the other hand, during market turmoil, Parkson is expected to significantly outperform it.
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