Macroaxis considers Public Service to be not too risky. Public Service Enter maintains Sharpe Ratio (i.e. Efficiency) of -0.3774 which implies Public Service Enter had -0.3774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting 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. Public Service Enter exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Public Service Enter Coefficient Of Variation of
(280.08) and Risk Adjusted Performance of (0.20) to confirm risk estimate we provide.
|Investment Horizon||30 Days Login to change|
Projected Return Density Against MarketConsidering 30-days investment horizon, Public Service has beta of 0.3436 . This implies as returns on market go up, Public Service average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Public Service Enterprise Group Inc will be expected to be much smaller as well. Additionally, Public Service Enterprise Group Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming NYSE
Considering 30-days investment horizon, the coefficient of variation of Public Service is -264.95. The daily returns are destributed with a variance of 0.64 and standard deviation of 0.8. The mean deviation of Public Service Enterprise Group Inc is currently at 0.63. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.58