Macroaxis considers Lesico Ltd to be not too risky. Lesico Ltd has Sharpe Ratio of -0.5943 which conveys that Lesico Ltd had -0.5943% of return per unit of risk over the last 2 months. Macroaxis philosophy towards estimating 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. Lesico Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Lesico Ltd Mean Deviation of 0.8668 and Risk Adjusted Performance of
(0.57) to check out risk estimate we provide.
|Horizon||30 Days Login to change|
Lesico Ltd Market Sensitivity
|As returns on market increase, Lesico Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Lesico Ltd will be expected to be smaller as well.2 Months Beta |Analyze Lesico Ltd Demand TrendCheck current 30 days Lesico Ltd correlation with market (DOW)|
β = 0.026
Lesico Ltd Central Daily Price Deviation
Lesico Ltd Technical Analysis
Lesico Ltd Projected Return Density Against MarketAssuming 30 trading days horizon, Lesico Ltd has beta of 0.026 indicating as returns on market go up, Lesico Ltd average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Lesico Ltd will be expected to be much smaller as well. Additionally, Lesico Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Lesico Ltd is -168.27. The daily returns are destributed with a variance of 1.34 and standard deviation of 1.16. The mean deviation of Lesico Ltd is currently at 0.94. For similar time horizon, the selected benchmark (DOW) has volatility of 1.32
|Alpha over DOW||=||0.49|
|Beta against DOW||=||0.026|
Lesico Ltd Return VolatilityLesico Ltd accepts 1.1576% volatility on return distribution over the 30 days horizon. DOW inherits 1.3305% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.33 and is 1.15 times more volatile than Lesico Ltd. 10% of all equities and portfolios are less risky than Lesico Ltd. Compared to the overall equity markets, volatility of historical daily returns of Lesico Ltd is lower than 10 (%) of all global equities and portfolios over the last 30 days. Use Lesico Ltd to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Lesico Ltd to be traded at 311.37 in 30 days. As returns on market increase, Lesico Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Lesico Ltd will be expected to be smaller as well.
Lesico Ltd correlation with market