Macroaxis considers Nextcom Ltd not too risky given 2 months investment horizon. Nextcom Ltd has Sharpe Ratio of 0.102 which conveys that the firm had 0.102% of return per unit of risk over the last 2 months. Our philosophy towards estimating volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Nextcom Ltd which you can use to evaluate future volatility of the firm. Please exercise Nextcom Ltd Risk Adjusted Performance of 0.099, Mean Deviation of 2.2 and Downside Deviation of 3.5 to check out if our risk estimates are consistent with your expectations.
|Horizon||30 Days Login to change|
Nextcom Ltd Market Sensitivity
|As returns on market increase, Nextcom Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Nextcom Ltd will be expected to be smaller as well. 2 Months Beta |Analyze Nextcom Ltd Demand TrendCheck current 30 days Nextcom Ltd correlation with market (DOW)|
β = 0.1643
Nextcom Ltd Central Daily Price Deviation
Nextcom Ltd Technical Analysis
Nextcom Ltd Projected Return Density Against MarketAssuming 30 trading days horizon, Nextcom Ltd has beta of 0.1643 indicating as returns on market go up, Nextcom Ltd average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Nextcom Ltd will be expected to be much smaller as well. Moreover, The company has an alpha of 0.1477 implying that it can potentially generate 0.1477% 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 Nextcom Ltd is 980.41. The daily returns are destributed with a variance of 10.75 and standard deviation of 3.28. The mean deviation of Nextcom Ltd is currently at 2.34. For similar time horizon, the selected benchmark (DOW) has volatility of 1.94
|Alpha over DOW||=||0.15|
|Beta against DOW||=||0.16|
Nextcom Ltd Return Volatilitythe company accepts 3.2793% volatility on return distribution over the 30 days horizon. the entity inherits 1.9746% risk (volatility on return distribution) over the 30 days horizon.
Nextcom Ltd has a volatility of 3.28 and is 1.66 times more volatile than DOW. 29% of all equities and portfolios are less risky than Nextcom Ltd. Compared to the overall equity markets, volatility of historical daily returns of Nextcom Ltd is lower than 29 (%) of all global equities and portfolios over the last 30 days. Use Nextcom Ltd to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Nextcom Ltd to be traded at S654.36 in 30 days. . As returns on market increase, Nextcom Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Nextcom Ltd will be expected to be smaller as well.
Nextcom Ltd correlation with market