Projected Return Density against Market
Assuming 30 trading days horizon, the stock has beta cooficient of 1.64 . 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, RHG Limited will likely underperform. In addition to that, RHG Limited has alpha of 1.64 implying that it can potentially generate 1.64% excess return over S&P 500 after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of RHG Limited is -459.86. The daily returns are destributed with a variance of 6.18 and standard deviation of 2.49. The mean deviation of RHG Limited is currently at 1.88. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.53
Actual Return Volatility
RHG Limited assumes 2.49% volatility of returns over the 30 days investment horizon. S&P 500 shows 0.53% volatility of returns over 30 trading days.