Macroaxis considers Space Communication to be unknown risk. Space Communication owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.117 which indicates Space Communication had -0.117% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring 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. Space Communication Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Space Communication Coefficient Of Variation of
(646.54) and Risk Adjusted Performance of (0.20) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Space Communication Market Sensitivity
|As returns on market increase, Space Communication returns are expected to increase less than the market. However during bear market, the loss on holding Space Communication will be expected to be smaller as well.2 Months Beta |Analyze Space Communication Demand TrendCheck current 30 days Space Communication correlation with market (DOW)|
β = 0.0485
Space Communication Central Daily Price Deviation
Space Communication Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Space Communication Projected Return Density Against MarketAssuming 30 trading days horizon, Space Communication has beta of 0.0485 . This entails as returns on market go up, Space Communication average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Space Communication Ltd will be expected to be much smaller as well. Additionally, Space Communication Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Space Communication is -854.92. The daily returns are destributed with a variance of 1.84 and standard deviation of 1.36. The mean deviation of Space Communication Ltd is currently at 0.9. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.27|
|Beta against DOW||=||0.0485|
Space Communication Return VolatilitySpace Communication Ltd assumes 1.3572% volatility of returns over the 30 days investment horizon. DOW inherits 1.2919% risk (volatility on return distribution) over the 30 days horizon.
Space Communication Ltd has a volatility of 1.36 and is 1.05 times more volatile than DOW. 12% 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 lower than 12 (%) of all global equities and portfolios over the last 30 days. Use Space Communication Ltd to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Space Communication to be traded at S1207.36 in 30 days. As returns on market increase, Space Communication returns are expected to increase less than the market. However during bear market, the loss on holding Space Communication will be expected to be smaller as well.
Space Communication correlation with market