Projected Return Density against MarketAssuming 30 trading days horizon, Zimplats Holdings Ltd has beta of -0.4 . This means as returns on benchmark increase, returns on holding Zimplats are expected to decrease at a much smaller rate. During bear market, however, Zimplats Holdings Ltd is likely to outperform the market. Moreover, Zimplats Holdings Ltd has alpha of 0.2064 implying that it can potentially generate 0.2064% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Zimplats is 442.67. The daily returns are destributed with a variance of 0.64 and standard deviation of 0.8. The mean deviation of Zimplats Holdings Ltd is currently at 0.36. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.45
Actual Return VolatilityZimplats Holdings Ltd assumes 0.8% volatility of returns over the 30 days investment horizon. S&P 500 shows 0.45% volatility of returns over 30 trading days.
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Zimplats Holdings Ltd has a volatility of 0.8 and is 1.78 times more volatile than S&P 500. 8% of all equities and portfolios are less risky than Zimplats. Compared with the overall equity markets, volatility of historical daily returns of Zimplats Holdings Ltd is lower than 8 (%) of all global equities and portfolios over the last 30 days. Use Zimplats Holdings 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 Zimplats to be traded at A$7.52 in 30 days. As returns on market increase, returns on owning Zimplats are expected to decrease at a much smaller rate. During bear market, Zimplats is likely to outperform the market.
Zimplats correlation with market
Zimplats Current Risk Indicators
Suggested Divercification Pairs