Global Power Equipment Group has a volatility of 2.72 and is 4.12 times more volatile than DOW. 24%
of all equities and portfolios are less risky than Global Power. Compared to the overall equity markets, volatility of historical daily returns of Global Power Equipment Group is lower than 24 (%)
of all global equities and portfolios over the last 30 days. Use Global Power Equipment Group to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Global Power to be traded at $2.97 in 30 days
. As returns on market increase, returns on owning Global Power are expected to decrease at a much smaller rate. During bear market, Global Power is likely to outperform the market.
Global Power correlation with market
Overlapping area represents the amount of risk that can be diversified away by holding Global Power Equipment Group I and equity matching DJI index in the same portfolio.