Macroaxis considers Tsingtao Brewery unknown risk given 2 months investment horizon. Tsingtao Brewery owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.5774 which indicates the firm had 0.5774% of return per unit of risk over the last 2 months. Our philosophy towards measuring volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By inspecting Tsingtao Brewery technical indicators you can presently evaluate if the expected return of 0.6239% is justified by implied risk. Please operate Tsingtao Brewery Coefficient Of Variation of
(43,261) and Risk Adjusted Performance of 0.0078 to confirm if our risk estimates are consistent with your expectations.
|Horizon||30 Days Login to change|
Tsingtao Brewery Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Tsingtao Brewery will likely underperform. 2 Months Beta |Analyze Tsingtao Brewery Demand TrendCheck current 30 days Tsingtao Brewery correlation with market (DOW)|
β = 2.6426
Tsingtao Brewery Central Daily Price Deviation
Tsingtao Brewery Technical Analysis
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Tsingtao Brewery Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 2.6426 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Tsingtao Brewery will likely underperform. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Tsingtao Brewery is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Tsingtao Brewery is 173.21. The daily returns are destributed with a variance of 1.17 and standard deviation of 1.08. The mean deviation of Tsingtao Brewery Company Limited is currently at 0.83. For similar time horizon, the selected benchmark (DOW) has volatility of 0.67
|Alpha over DOW||=||0.45|
|Beta against DOW||=||2.64|
Tsingtao Brewery Return Volatilitythe firm assumes 1.0806% volatility of returns over the 30 days investment horizon. the entity inherits 0.6501% risk (volatility on return distribution) over the 30 days horizon.
Chance of Distress
Get analysis of equity chance of financial distress in the next 2 years
|All Next||Launch Chance of Distress|
Tsingtao Brewery Company Limited has a volatility of 1.08 and is 1.66 times more volatile than DOW. 9% of all equities and portfolios are less risky than Tsingtao Brewery. Compared to the overall equity markets, volatility of historical daily returns of Tsingtao Brewery Company Limited is lower than 9 (%) of all global equities and portfolios over the last 30 days. Use Tsingtao Brewery Company Limited to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Tsingtao Brewery to be traded at 4.19 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Tsingtao Brewery will likely underperform.
Tsingtao Brewery correlation with market
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