Space Communication is unknown risk given 2 months investment horizon. Space Communication owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2992 which indicates the firm had 0.2992% of return per unit of risk over the last 2 months. Our philosophy towards measuring volatility of a stock is to use Space Communication market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 4.8361% are justified by taking the suggested risk. Use Space Communication Risk Adjusted Performance of
(0.017618) and Coefficient Of Variation of (2,433) to evaluate company specific risk that cannot be diversified away.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
|Horizon||30 Days Login to change|
Space Communication Market Sensitivity
|As returns on market increase, returns on owning Space Communication are expected to decrease at a much smaller rate. During bear market, Space Communication is likely to outperform the market. 2 Months Beta |Analyze Space Communication Demand TrendCheck current 30 days Space Communication correlation with market (DOW)|
β = -0.5661
Space Communication Central Daily Price Deviation
Space Communication Technical Analysis
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Space Communication Projected Return Density Against MarketAssuming 30 trading days horizon, Space Communication Ltd has beta of -0.5661 . This entails as returns on benchmark increase, returns on holding Space Communication are expected to decrease at a much smaller rate. During bear market, however, Space Communication Ltd 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. Space Communication is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Space Communication is 334.25. The daily returns are destributed with a variance of 261.3 and standard deviation of 16.16. The mean deviation of Space Communication Ltd is currently at 12.43. For similar time horizon, the selected benchmark (DOW) has volatility of 0.65
|Alpha over DOW||=||0.34|
|Beta against DOW||=||0.57|
Space Communication Return Volatilitythe company assumes 16.1648% volatility of returns over the 30 days investment horizon. the entity inherits 0.5908% risk (volatility on return distribution) over the 30 days horizon.
Space Communication Investment Opportunity
Space Communication Ltd has a volatility of 16.16 and is 27.39 times more volatile than DOW. 96% of all equities and portfolios are less risky than Space Communication. Compared to the overall equity markets, volatility of historical daily returns of Space Communication Ltd is higher than 96 (%) of all global equities and portfolios over the last 30 days. Use Space Communication Ltd to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Space Communication to be traded at S947.1 in 30 days. . As returns on market increase, returns on owning Space Communication are expected to decrease at a much smaller rate. During bear market, Space Communication is likely to outperform the market.
Space Communication correlation with market
Space Communication Current Risk Indicators
|Risk Adjusted Performance||(0.017618)|
|Market Risk Adjusted Performance||0.6974|
|Coefficient Of Variation||(2,433)|
Space Communication Suggested Diversification Pairs