Projected Return Density against Market
Given investment horizon of 30 days, the stock has beta cooficient of 1.01 . This entails UniTek Global Services Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, UniTek is expected to follow. In addition to that, UniTek Global Services Inc has alpha of 1.01 implying that it can potentially generate 1.01% excess return over S&P 500 after adjusting for the inherited market risk (beta).
Predicted Return Density
Given investment horizon of 30 days, the coefficient of variation of UniTek is 281.7. The daily returns are destributed with a variance of 37.65 and standard deviation of 6.14. The mean deviation of UniTek Global Services Inc is currently at 4.91. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.57
Actual Return Volatility
UniTek Global Services Inc inherits 6.14% risk (volatility on return distribution) over the 30 days horizon. S&P 500 shows 0.57% volatility of returns over 30 trading days.