Global Power is exceptionally risky given 1 month investment horizon. Global Power Equipment holds Efficiency (Sharpe) Ratio of 0.3676 which attests that Global Power Equipment had 0.3676% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use Global Power Equipment market data together with company specific technical indicators. We found twenty-eight different technical indicators which can help you to evaluate if expected returns of 3.4725% are justified by taking the suggested risk. Use Global Power Equipment Group Inc Market Risk Adjusted Performance of 37.06 and Risk Adjusted Performance of 0.0984 to evaluate company specific risk that cannot be diversified away.
|Investment Horizon||30 Days Login to change|
Global Power Market Sensitivity
|As returns on market increase, Global Power returns are expected to increase less than the market. However during bear market, the loss on holding Global Power will be expected to be smaller as well.One Month Beta |Analyze Global Power Equipment Demand TrendCheck current 30 days Global Power correlation with market (DOW)|
β = 0.1001
Projected Return Density Against MarketGiven the investment horizon of 30 days, Global Power has beta of 0.1001 . This indicates as returns on market go up, Global Power average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Global Power Equipment Group Inc will be expected to be much smaller as well. In addition to that, Global Power Equipment Group Inc has an alpha of 3.6959 implying that it can potentially generate 3.6959% 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 272.06. The daily returns are destributed with a variance of 89.25 and standard deviation of 9.45. The mean deviation of Global Power Equipment Group Inc is currently at 5.82. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23