Macroaxis considers Hiron Trade to be unknown risk. Hiron Trade Investments holds Efficiency (Sharpe) Ratio of -0.0231 which attests that the entity had -0.0231% 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. Hiron Trade Investments exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hiron Trade Risk Adjusted Performance of 0.046, Market Risk Adjusted Performance of
(3.82) and Downside Deviation of 1.81 to validate risk estimate we provide.
|Horizon||30 Days Login to change|
Hiron Trade Market Sensitivity
|As returns on market increase, returns on owning Hiron Trade are expected to decrease at a much smaller rate. During bear market, Hiron Trade is likely to outperform the market. 2 Months Beta |Analyze Hiron Trade Investments Demand TrendCheck current 30 days Hiron Trade correlation with market (DOW)|
β = -0.0208
Hiron Trade Central Daily Price Deviation
Hiron Trade Investments Technical Analysis
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Hiron Trade Projected Return Density Against MarketAssuming 30 trading days horizon, Hiron Trade Investments Industrial Buildings Ltd has beta of -0.0208 . This indicates as returns on benchmark increase, returns on holding Hiron Trade are expected to decrease at a much smaller rate. During bear market, however, Hiron Trade Investments Industrial Buildings Ltd is likely to outperform the market. Moreover, The company has an alpha of 0.0829 implying that it can potentially generate 0.0829% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Hiron Trade is -4326.45. The daily returns are destributed with a variance of 2.09 and standard deviation of 1.44. The mean deviation of Hiron Trade Investments Industrial Buildings Ltd is currently at 1.05. For similar time horizon, the selected benchmark (DOW) has volatility of 0.67
|Alpha over DOW||=||0.08|
|Beta against DOW||=||0.02|
Hiron Trade Return Volatilitythe company accepts 1.4443% volatility on return distribution over the 30 days horizon. the entity inherits 0.6341% risk (volatility on return distribution) over the 30 days horizon.
Hiron Trade Investments Industrial Buildings Ltd has a volatility of 1.44 and is 2.29 times more volatile than DOW. 12% of all equities and portfolios are less risky than Hiron Trade. Compared to the overall equity markets, volatility of historical daily returns of Hiron Trade Investments Industrial Buildings Ltd is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use Hiron Trade Investments Industrial Buildings Ltd to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Hiron Trade to be traded at S154044.0 in 30 days. . As returns on market increase, returns on owning Hiron Trade are expected to decrease at a much smaller rate. During bear market, Hiron Trade is likely to outperform the market.
Hiron Trade correlation with market