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SKAGEN Volatility

SKI
SKIM2 -- Denmark Stock  

DKK 142.50  4.30  3.11%

Macroaxis considers SKAGEN M2 to be somewhat reliable. SKAGEN M2 A retains Efficiency (Sharpe Ratio) of -0.3208, which indicates the firm had -0.3208% of return per unit of risk over the last 3 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. SKAGEN M2 exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SKAGEN M2 A Risk Adjusted Performance of (0.45) to confirm the risk estimate we provide.
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SKAGEN M2 Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of SKAGEN daily returns, and it is calculated using variance and standard deviation. We also use SKAGEN's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of SKAGEN M2 volatility.

SKAGEN M2 Market Sensitivity

As returns on market increase, returns on owning SKAGEN M2 are expected to decrease at a much smaller rate. During bear market, SKAGEN M2 is likely to outperform the market.
3 Months Beta |Analyze SKAGEN M2 A Demand Trend
Check current 30 days SKAGEN M2 correlation with market (DOW)
β = -0.0566

SKAGEN M2 Central Daily Price Deviation

SKAGEN M2 A Technical Analysis

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SKAGEN M2 Projected Return Density Against Market

Assuming 30 trading days horizon, SKAGEN M2 A has beta of -0.0566 . This entails as returns on benchmark increase, returns on holding SKAGEN M2 are expected to decrease at a much smaller rate. During bear market, however, SKAGEN M2 A 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. SKAGEN M2 A is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of SKAGEN M2 is -311.69. The daily returns are destributed with a variance of 87.17 and standard deviation of 9.34. The mean deviation of SKAGEN M2 A is currently at 6.06. For similar time horizon, the selected benchmark (DOW) has volatility of 3.81
α
Alpha over DOW
=0.97
β
Beta against DOW=0.06
σ
Overall volatility
=9.34
Ir
Information ratio =0.07

SKAGEN M2 Return Volatility

the company accepts 9.3363% volatility on return distribution over the 30 days horizon. the entity inherits 3.8415% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

SKAGEN M2 Investment Opportunity

SKAGEN M2 A has a volatility of 9.34 and is 2.43 times more volatile than DOW. 83  of all equities and portfolios are less risky than SKAGEN M2. Compared to the overall equity markets, volatility of historical daily returns of SKAGEN M2 A is higher than 83 () of all global equities and portfolios over the last 30 days. Use SKAGEN M2 A to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of SKAGEN M2 to be traded at kr171.0 in 30 days. . As returns on market increase, returns on owning SKAGEN M2 are expected to decrease at a much smaller rate. During bear market, SKAGEN M2 is likely to outperform the market.

SKAGEN M2 correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SKAGEN M2 A and equity matching DJI index in the same portfolio.

SKAGEN M2 Current Risk Indicators

SKAGEN M2 Suggested Diversification Pairs

Additionally, take a look at World Market Map. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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