Projected Return Density against MarketAllowing for 30-days total investment horizon, Royal has beta of 0.69 . This implies as returns on market go up, Royal avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Royal Bank of Canada will be expected to be much smaller as well. Additionally, Royal Bank of Canada has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500 Allowing for 30-days total investment horizon, the coefficient of variation of Royal is -470.79. The daily returns are destributed with a variance of 0.61 and standard deviation of 0.78. The mean deviation of Royal Bank of Canada is currently at 0.58. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.56
Actual Return VolatilityRoyal Bank of Canada accepts 0.78% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.56% volatility of returns over 30 trading days.
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Royal Bank of Canada has a volatility of 0.78 and is 1.39 times more volatile than S&P 500. 8% of all equities and portfolios are less risky than Royal. Compared with the overall equity markets, volatility of historical daily returns of Royal Bank of Canada is lower than 8 (%) of all global equities and portfolios over the last 30 days. Use Royal Bank of Canada to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Royal to be traded at $62.76 in 30 days. As returns on market increase, Royal returns are expected to increase less than the market. However during bear market, the loss on holding Royal will be expected to be smaller as well.
Royal correlation with market
Royal Current Risk Indicators
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