Projected Return Density against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 8.53 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Greencastle will likely underperform. Additionally, Greencastle Resources Ltd has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500 Assuming 30 trading days horizon, the coefficient of variation of Greencastle is 2418.06. The daily returns are destributed with a variance of 97.92 and standard deviation of 9.9. The mean deviation of Greencastle Resources Ltd is currently at 4.12. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.56
Actual Return VolatilityGreencastle Resources Ltd shows 9.9% volatility of returns over 30 trading days. S&P 500 shows 0.56% volatility of returns over 30 trading days.
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Greencastle Resources Ltd has a volatility of 8.36 and is 14.93 times more volatile than S&P 500. 89% of all equities and portfolios are less risky than Greencastle. Compared with the overall equity markets, volatility of historical daily returns of Greencastle Resources Ltd is higher than 89 (%) of all global equities and portfolios over the last 30 days. Use Greencastle Resources Ltd to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Greencastle to be traded at C$0.0644 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Greencastle will likely underperform.
Greencastle correlation with market
Greencastle Current Risk Indicators
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