Macroaxis considers VOXX International to be extremely risky. VOXX International owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1664 which indicates VOXX International had -0.1664% of return per unit of risk over the last 1 month. Macroaxis approach into measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. VOXX International Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate VOXX International Coefficient Of Variation of
(730.5) and Risk Adjusted Performance of (0.027644) to confirm risk estimate we provide.
|Investment Horizon||30 Days Login to change|
VOXX International Market Sensitivity
|As returns on market increase, returns on owning VOXX International are expected to decrease at a much smaller rate. During bear market, VOXX International is likely to outperform the market.One Month Beta |Analyze VOXX International Demand TrendCheck current 30 days VOXX International correlation with market (DOW)|
β = -0.4564
Projected Return Density Against MarketGiven the investment horizon of 30 days, VOXX International Corporation has beta of -0.4564 . This entails as returns on benchmark increase, returns on holding VOXX International are expected to decrease at a much smaller rate. During bear market, however, VOXX International Corporation is likely to outperform the market. Additionally, VOXX International Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of VOXX International is -601.09. The daily returns are destributed with a variance of 26.72 and standard deviation of 5.17. The mean deviation of VOXX International Corporation is currently at 2.6. For similar time horizon, the selected benchmark (DOW) has volatility of 0.27