Macroaxis considers Golf Co to be unknown risk. Golf Co Ltd holds Efficiency (Sharpe) Ratio of -0.0612 which attests that the entity had -0.0612% of return per unit of risk over the last 2 months. 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. Golf Co Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Golf Co Market Risk Adjusted Performance of 1.97 and Risk Adjusted Performance of
(0.028578) to validate risk estimate we provide.
|Horizon||30 Days Login to change|
Golf Co Market Sensitivity
|As returns on market increase, returns on owning Golf Co are expected to decrease at a much smaller rate. During bear market, Golf Co is likely to outperform the market. 2 Months Beta |Analyze Golf Co Ltd Demand TrendCheck current 30 days Golf Co correlation with market (DOW)|
β = -0.0306
Golf Co Central Daily Price Deviation
Golf Co Ltd Technical Analysis
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Golf Co Projected Return Density Against MarketAssuming 30 trading days horizon, Golf Co Ltd has beta of -0.0306 . This indicates as returns on benchmark increase, returns on holding Golf Co are expected to decrease at a much smaller rate. During bear market, however, Golf Co Ltd 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. Golf Co Ltd is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Golf Co is -1633.75. The daily returns are destributed with a variance of 24.76 and standard deviation of 4.98. The mean deviation of Golf Co Ltd is currently at 2.43. For similar time horizon, the selected benchmark (DOW) has volatility of 1.94
|Alpha over DOW||=||0.06|
|Beta against DOW||=||0.03|
Golf Co Return Volatilitythe company accepts 4.9763% volatility on return distribution over the 30 days horizon. the entity inherits 1.9737% risk (volatility on return distribution) over the 30 days horizon.
Golf Co Ltd has a volatility of 4.98 and is 2.53 times more volatile than DOW. 45% of all equities and portfolios are less risky than Golf Co. Compared to the overall equity markets, volatility of historical daily returns of Golf Co Ltd is lower than 45 (%) of all global equities and portfolios over the last 30 days. Use Golf Co Ltd to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Golf Co to be traded at S387.24 in 30 days. . As returns on market increase, returns on owning Golf Co are expected to decrease at a much smaller rate. During bear market, Golf Co is likely to outperform the market.
Golf Co correlation with market