We consider P C unknown risk. P C B retains Efficiency (Sharpe Ratio) of 0.0677 which implies P C B had 0.0677% of return per unit of risk over the last 2 months. Our approach into forecasting 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 P C which you can use to evaluate future volatility of the entity. Please check P C B Technologies Ltd Semi Deviation of 1.11 and Market Risk Adjusted Performance of
(2.52) to confirm if risk estimate we provide are consistent with the epected return of 0.1007%.
|Horizon||30 Days Login to change|
P C Market Sensitivity
|As returns on market increase, returns on owning P C are expected to decrease at a much smaller rate. During bear market, P C is likely to outperform the market.2 Months Beta |Analyze P C B Demand TrendCheck current 30 days P C correlation with market (DOW)|
β = -0.0726
P C Central Daily Price Deviation
P C B Technical Analysis
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P C Projected Return Density Against MarketAssuming 30 trading days horizon, P C B Technologies Ltd has beta of -0.0726 . This implies as returns on benchmark increase, returns on holding P C are expected to decrease at a much smaller rate. During bear market, however, P C B Technologies Ltd is likely to outperform the market. Moreover, P C B Technologies Ltd has an alpha of 0.1754 implying that it can potentially generate 0.1754% 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 P C is 1476.74. The daily returns are destributed with a variance of 2.21 and standard deviation of 1.49. The mean deviation of P C B Technologies Ltd is currently at 1.02. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.18|
|Beta against DOW||=||0.07|
P C Return VolatilityP C B Technologies Ltd accepts 1.4868% volatility on return distribution over the 30 days horizon. DOW inherits 1.2955% risk (volatility on return distribution) over the 30 days horizon.
P C B Technologies Ltd has a volatility of 1.49 and is 1.15 times more volatile than DOW. 13% of all equities and portfolios are less risky than P C. Compared to the overall equity markets, volatility of historical daily returns of P C B Technologies Ltd is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use P C B Technologies Ltd to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of P C to be traded at S512.33 in 30 days. As returns on market increase, returns on owning P C are expected to decrease at a much smaller rate. During bear market, P C is likely to outperform the market.
P C correlation with market