Macroaxis considers Victory Supermarket unknown risk given 2 months investment horizon. Victory Supermarket owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.5741 which indicates Victory Supermarket had 0.5741% 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 Victory Supermarket technical indicators you can presently evaluate if the expected return of 0.9651% is justified by implied risk. Please operate Victory Supermarket Downside Deviation of 0.9484, Standard Deviation of 1.57 and Risk Adjusted Performance of 0.463 to confirm if our risk estimates are consistent with your expectations.
|Horizon||30 Days Login to change|
Victory Supermarket Market Sensitivity
|As returns on market increase, returns on owning Victory Supermarket are expected to decrease at a much smaller rate. During bear market, Victory Supermarket is likely to outperform the market.2 Months Beta |Analyze Victory Supermarket Demand TrendCheck current 30 days Victory Supermarket correlation with market (DOW)|
β = -0.1634
Victory Supermarket Central Daily Price Deviation
Victory Supermarket Technical Analysis
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Victory Supermarket Projected Return Density Against MarketAssuming 30 trading days horizon, Victory Supermarket Chain Ltd has beta of -0.1634 . This entails as returns on benchmark increase, returns on holding Victory Supermarket are expected to decrease at a much smaller rate. During bear market, however, Victory Supermarket Chain Ltd is likely to outperform the market. Moreover, Victory Supermarket Chain Ltd has an alpha of 0.5118 implying that it can potentially generate 0.5118% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Victory Supermarket is 174.19. The daily returns are destributed with a variance of 2.83 and standard deviation of 1.68. The mean deviation of Victory Supermarket Chain Ltd is currently at 1.27. For similar time horizon, the selected benchmark (DOW) has volatility of 1.32
|Alpha over DOW||=||0.51|
|Beta against DOW||=||0.16|
Victory Supermarket Return VolatilityVictory Supermarket Chain Ltd accepts 1.6811% volatility on return distribution over the 30 days horizon. DOW inherits 1.3328% risk (volatility on return distribution) over the 30 days horizon.
Victory Supermarket Chain Ltd has a volatility of 1.68 and is 1.26 times more volatile than DOW. 15% of all equities and portfolios are less risky than Victory Supermarket. Compared to the overall equity markets, volatility of historical daily returns of Victory Supermarket Chain Ltd is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use Victory Supermarket Chain Ltd to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Victory Supermarket to be traded at S6238.8 in 30 days. As returns on market increase, returns on owning Victory Supermarket are expected to decrease at a much smaller rate. During bear market, Victory Supermarket is likely to outperform the market.
Victory Supermarket correlation with market