We consider Coca Cola unknown risk. Coca Cola Iecek secures Sharpe Ratio (or Efficiency) of 0.0268 which signifies that Coca Cola Iecek had 0.0268% of return per unit of standard deviation over the last 2 months. Our philosophy in foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Coca Cola Iecek Anonim Sirketi which you can use to evaluate future volatility of the firm. Please confirm Coca Cola Iecek Mean Deviation of 3.23 and Risk Adjusted Performance of 0.0826 to double-check if risk estimate we provide are consistent with the epected return of 0.1555%.
|Horizon||30 Days Login to change|
Coca Cola Market Sensitivity
|2 Months Beta |Analyze Coca Cola Iecek Demand TrendCheck current 30 days Coca Cola correlation with market (DOW)|
β = -1.0744
Coca Cola Central Daily Price Deviation
Coca Cola Iecek Technical Analysis
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Coca Cola Projected Return Density Against MarketAssuming 30 trading days horizon, Coca Cola Iecek Anonim Sirketi has beta of -1.0744 . This suggests Moreover, Coca Cola Iecek Anonim Sirketi has an alpha of 0.093 implying that it can potentially generate 0.093% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Coca Cola is 3725.43. The daily returns are destributed with a variance of 33.55 and standard deviation of 5.79. The mean deviation of Coca Cola Iecek Anonim Sirketi is currently at 3.55. For similar time horizon, the selected benchmark (DOW) has volatility of 1.32
|Alpha over DOW||=||0.09|
|Beta against DOW||=||1.07|
Coca Cola Return VolatilityCoca Cola Iecek Anonim Sirketi accepts 5.7923% volatility on return distribution over the 30 days horizon. DOW inherits 1.3328% risk (volatility on return distribution) over the 30 days horizon.
Coca Cola Iecek Anonim Sirketi has a volatility of 5.79 and is 4.35 times more volatile than DOW. 52% of all equities and portfolios are less risky than Coca Cola. Compared to the overall equity markets, volatility of historical daily returns of Coca Cola Iecek Anonim Sirketi is higher than 52 (%) of all global equities and portfolios over the last 30 days. Use Coca Cola Iecek Anonim Sirketi 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 Coca Cola to be traded at 4.29 in 30 days.
Coca Cola correlation with market