Macroaxis considers Cinedigm Corp to be abnormally volatile. Cinedigm Corp secures Sharpe Ratio (or Efficiency) of -0.0504 which signifies that the organization had -0.0504% of return per unit of risk over the last 3 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. Cinedigm Corp exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cinedigm Corp Risk Adjusted Performance of
(0.047837) and Mean Deviation of 3.95 to double-check risk estimate we provide.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Follows market closely
|Horizon||30 Days Login to change|
Cinedigm Corp Market Sensitivity
|As returns on market increase, returns on owning Cinedigm Corp are expected to decrease at a much smaller rate. During bear market, Cinedigm Corp is likely to outperform the market. 3 Months Beta |Analyze Cinedigm Corp Demand TrendCheck current 30 days Cinedigm Corp correlation with market (DOW)|
β = -0.5106
Cinedigm Corp Central Daily Price Deviation
Cinedigm Corp Technical Analysis
Cinedigm Corp Projected Return Density Against MarketGiven the investment horizon of 30 days, Cinedigm Corp has beta of -0.5106 . This suggests as returns on benchmark increase, returns on holding Cinedigm Corp are expected to decrease at a much smaller rate. During bear market, however, Cinedigm Corp 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. Cinedigm Corp is significantly underperforming DOW.
Predicted Return Density
Given the investment horizon of 30 days, the coefficient of variation of Cinedigm Corp is -1986.0. The daily returns are destributed with a variance of 25.57 and standard deviation of 5.06. The mean deviation of Cinedigm Corp is currently at 3.93. For similar time horizon, the selected benchmark (DOW) has volatility of 0.97
|Alpha over DOW||=||0.31|
|Beta against DOW||=||0.51|
Cinedigm Corp Return Volatilitythe business inherits 5.0563% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.9857% risk (volatility on return distribution) over the 30 days horizon.
Cinedigm Corp Investment Opportunity
Cinedigm Corp has a volatility of 5.06 and is 5.11 times more volatile than DOW. 45 of all equities and portfolios are less risky than Cinedigm Corp. Compared to the overall equity markets, volatility of historical daily returns of Cinedigm Corp is lower than 45 () of all global equities and portfolios over the last 30 days. Use Cinedigm Corp to protect your portfolios against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Cinedigm Corp to be traded at $0.8542 in 30 days. . As returns on market increase, returns on owning Cinedigm Corp are expected to decrease at a much smaller rate. During bear market, Cinedigm Corp is likely to outperform the market.
Cinedigm Corp correlation with market
Cinedigm Corp Current Risk Indicators
|Risk Adjusted Performance||(0.047837)|
|Market Risk Adjusted Performance||0.5963|
|Coefficient Of Variation||(1,738)|
Cinedigm Corp Suggested Diversification Pairs