Macroaxis considers Rite Aid to be extremely risky. Rite Aid maintains Sharpe Ratio (i.e. Efficiency) of -0.2568 which implies Rite Aid had -0.2568% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Rite Aid exposes twenty-six different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Rite Aid Coefficient Of Variation of
(380.62) and Risk Adjusted Performance of (0.050644) to confirm risk estimate we provide.
|Investment Horizon||30 Days Login to change|
Rite Aid Market Sensitivity
|As returns on market increase, returns on owning Rite Aid are expected to decrease by larger amounts. On the other hand, during market turmoil, Rite Aid is expected to significantly outperform it.One Month Beta |Analyze Rite Aid Demand TrendCheck current 30 days Rite Aid correlation with market (DOW)|
β = -2.5114
Projected Return Density Against MarketConsidering 30-days investment horizon, Rite Aid Corporation has beta of -2.5114 . This implies as returns on its benchmark rise, returns on holding Rite Aid Corporation are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Rite Aid is expected to outperform its benchmark. Additionally, Rite Aid Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of Rite Aid is -389.38. The daily returns are destributed with a variance of 16.54 and standard deviation of 4.07. The mean deviation of Rite Aid Corporation is currently at 2.97. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23