Macroaxis considers Mercator to be unusually risky. Mercator Limited has Sharpe Ratio of -0.4176 which conveys that the firm had -0.4176% 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. Mercator exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Mercator Limited Mean Deviation of 3.22 and Risk Adjusted Performance of
(0.56) to check out risk estimate we provide.
|Horizon||30 Days Login to change|
Mercator Market Sensitivity
|As returns on market increase, returns on owning Mercator are expected to decrease at a much smaller rate. During bear market, Mercator is likely to outperform the market. 2 Months Beta |Analyze Mercator Limited Demand TrendCheck current 30 days Mercator correlation with market (DOW)|
β = -0.2114
Mercator Central Daily Price Deviation
Mercator Limited Technical Analysis
Mercator Projected Return Density Against MarketAssuming 30 trading days horizon, Mercator Limited has beta of -0.2114 indicating as returns on benchmark increase, returns on holding Mercator are expected to decrease at a much smaller rate. During bear market, however, Mercator Limited 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. Mercator Limited is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Mercator is -239.48. The daily returns are destributed with a variance of 14.4 and standard deviation of 3.79. The mean deviation of Mercator Limited is currently at 2.62. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||1.53|
|Beta against DOW||=||0.21|
Mercator Return Volatilitythe corporation accepts 3.7942% volatility on return distribution over the 30 days horizon. the entity inherits 1.9% risk (volatility on return distribution) over the 30 days horizon.
Mercator Limited has a volatility of 3.79 and is 1.99 times more volatile than DOW. 34% of all equities and portfolios are less risky than Mercator. Compared to the overall equity markets, volatility of historical daily returns of Mercator Limited is lower than 34 (%) of all global equities and portfolios over the last 30 days. Use Mercator Limited to enhance returns of your portfolios. The stock experiences very speculative upward sentiment. . Check odds of Mercator to be traded at 9.56 in 30 days. . As returns on market increase, returns on owning Mercator are expected to decrease at a much smaller rate. During bear market, Mercator is likely to outperform the market.
Mercator correlation with market