Macroaxis considers Castex Technologies to be unknown risk. Castex Technologies secures Sharpe Ratio (or Efficiency) of -0.2011 which signifies that the organization had -0.2011% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing 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. Castex Technologies Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Castex Technologies Risk Adjusted Performance of
(0.049842) and Mean Deviation of 2.94 to double-check risk estimate we provide.
|Horizon||30 Days Login to change|
Castex Technologies Market Sensitivity
|As returns on market increase, Castex Technologies returns are expected to increase less than the market. However during bear market, the loss on holding Castex Technologies will be expected to be smaller as well. 2 Months Beta |Analyze Castex Technologies Demand TrendCheck current 30 days Castex Technologies correlation with market (DOW)|
β = 0.2583
Castex Technologies Central Daily Price Deviation
Castex Technologies Technical Analysis
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Castex Technologies Projected Return Density Against MarketAssuming 30 trading days horizon, Castex Technologies has beta of 0.2583 . This suggests as returns on market go up, Castex Technologies average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Castex Technologies Limited will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Castex Technologies is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Castex Technologies is -497.22. The daily returns are destributed with a variance of 8.07 and standard deviation of 2.84. The mean deviation of Castex Technologies Limited is currently at 2.01. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.15|
|Beta against DOW||=||0.26|
Castex Technologies Return Volatilitythe firm accepts 2.8413% volatility on return distribution over the 30 days horizon. the entity inherits 1.8781% risk (volatility on return distribution) over the 30 days horizon.
Castex Technologies Limited has a volatility of 2.84 and is 1.51 times more volatile than DOW. 25% of all equities and portfolios are less risky than Castex Technologies. Compared to the overall equity markets, volatility of historical daily returns of Castex Technologies Limited is lower than 25 (%) of all global equities and portfolios over the last 30 days. Use Castex Technologies Limited to protect your portfolios against small markets fluctuations. The stock experiences very speculative upward sentiment. Check odds of Castex Technologies to be traded at 1.0925 in 30 days. . As returns on market increase, Castex Technologies returns are expected to increase less than the market. However during bear market, the loss on holding Castex Technologies will be expected to be smaller as well.
Castex Technologies correlation with market