Projected Return Density against MarketAssuming 30 trading days horizon, the fund has beta coefficient of 1.73 . This implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Perritt will likely underperform. Additionally, Perritt MicroCap Opportunities Investor has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500 Assuming 30 trading days horizon, the coefficient of variation of Perritt is -508.61. The daily returns are destributed with a variance of 4.93 and standard deviation of 2.22. The mean deviation of Perritt MicroCap Opportunities Investor is currently at 1.1. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.5
Actual Return VolatilityPerritt MicroCap Opportunities Investor shows 2.22% volatility of returns over 30 trading days. S&P 500 shows 0.49% volatility of returns over 30 trading days.
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Perritt MicroCap Opportunities Investor has a volatility of 2.16 and is 4.41 times more volatile than S&P 500. 23% of all equities and portfolios are less risky than Perritt. Compared with the overall equity markets, volatility of historical daily returns of Perritt MicroCap Opportunities Investor is lower than 23 (%) of all global equities and portfolios over the last 30 days. Use Perritt MicroCap Opportunities Investor to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Perritt to be traded at $34.29 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Perritt will likely underperform.
Perritt correlation with market
Perritt Current Risk Indicators
Suggested Divercification Pairs