Our philosophy towards foreseeing volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for CFPA BE which you can use to evaluate future volatility of the entity. Please confirm CFPA BE Mean Deviation of 1.69 and Risk Adjusted Performance of
(0.33) to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
CFPA BE Market Sensitivity
|As returns on market increase, returns on owning CFPA BE are expected to decrease at a much smaller rate. During bear market, CFPA BE is likely to outperform the market. 2 Months Beta |Analyze CFPA BE Demand TrendCheck current 30 days CFPA BE correlation with market (DOW)|
β = -0.4813
CFPA BE Central Daily Price Deviation
CFPA BE Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
CFPA BE Projected Return Density Against MarketAssuming 30 trading days horizon, CFPA BE has beta of -0.4813 . This suggests as returns on benchmark increase, returns on holding CFPA BE are expected to decrease at a much smaller rate. During bear market, however, CFPA BE is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. CFPA BE is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.46|
|Beta against DOW||=||0.48|
CFPA BE Return Volatilitythe entity accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 2.028% risk (volatility on return distribution) over the 30 days horizon.
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
|All Next||Launch Instant Ratings|
DOW has a standard deviation of returns of 2.03 and is 9.223372036854776E16 times more volatile than CFPA BE. 0% of all equities and portfolios are less risky than CFPA BE. Compared to the overall equity markets, volatility of historical daily returns of CFPA BE is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use CFPA BE to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of CFPA BE to be traded at 6.48 in 30 days. . As returns on market increase, returns on owning CFPA BE are expected to decrease at a much smaller rate. During bear market, CFPA BE is likely to outperform the market.
CFPA BE correlation with market
Check also Trending Equities. Please also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.