We consider Global Power extremely risky. Global Power Equipment holds Efficiency (Sharpe) Ratio of 0.0168 which attests that Global Power Equipment had 0.0168% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Global Power Equipment which you can use to evaluate future volatility of the corporation. Please check out Global Power Downside Deviation of 3.7, Market Risk Adjusted Performance of 0.0936 and Risk Adjusted Performance of 0.026 to validate if risk estimate we provide are consistent with the epected return of 0.0607%.
|Investment Horizon||30 Days Login to change|
Global Power Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Global Power will likely underperform.One Month Beta |Analyze Global Power Equipment Demand TrendCheck current 30 days Global Power correlation with market (DOW)|
β = 1.5445
Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.5445 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Global Power will likely underperform. Moreover, Global Power Equipment Group Inc has an alpha of 0.1228 implying that it can potentially generate 0.1228% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Global Power is 5937.27. The daily returns are destributed with a variance of 12.98 and standard deviation of 3.6. The mean deviation of Global Power Equipment Group Inc is currently at 2.27. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44