Rio Novo risk analysis

Use Rio Novo Gold Inc (#B652FL8CA) risk analysis together with your other stock asset holdings to protect against small markets fluctuations as well as to check it against diversification policy that fits your risk preferences.  Optimize Portfolio

Projected Return Density against Market

Assuming 30 trading days horizon, the stock has beta cooficient of 4.19 . 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, Rio Novo will likely underperform. In addition to that, Rio Novo Gold Inc has alpha of 4.19 implying that it can potentially generate 4.19% excess return over S&P 500 after adjusting for the inherited market risk (beta).Assuming 30 trading days horizon, the coefficient of variation of Rio Novo is -501.67. The daily returns are destributed with a variance of 64.25 and standard deviation of 8.02. The mean deviation of Rio Novo Gold Inc is currently at 6.41. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.57

	(alpha)	=	4.19	Details
	(beta)	=	4.19	Details
	(volatility)	=	8.01	Details

Actual Return Volatility

Rio Novo Gold Inc shows 8.01% volatility of returns over 30 trading days. S&P 500 shows 0.57% volatility of returns over 30 trading days.