Macroaxis considers Global Power to be unusually risky. Global Power Equipment holds Efficiency (Sharpe) Ratio of -0.1897 which attests that Global Power Equipment had -0.1897% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. Global Power Equipment exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Global Power Market Risk Adjusted Performance of
0.058346 and Risk Adjusted Performance of 0.008788 to validate risk estimate we provide.
|Time Horizon||30 Days Login to change|
Global Power Market Sensitivity
|Global Power returns are very sensitive to returns on the market. As market goes up or down, Global Power is expected to follow.One Month Beta |Analyze Global Power Equipment Demand TrendCheck current 30 days Global Power correlation with market (DOW)|
β = 0.9201
Global Power Equipment Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Global Power has beta of 0.9201 . This indicates Global Power Equipment Group Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Global Power is expected to follow. Moreover, Global Power Equipment Group Inc has an alpha of 0.0558 implying that it can potentially generate 0.0558% 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 -527.22. The daily returns are destributed with a variance of 5.04 and standard deviation of 2.25. The mean deviation of Global Power Equipment Group Inc is currently at 1.44. For similar time horizon, the selected benchmark (DOW) has volatility of 0.99