Macroaxis considers WS Industries to be unknown risk. WS Industries retains Efficiency (Sharpe Ratio) of -0.4997 which attests that the company had -0.4997% of return per unit of price deviation over the last 2 months. Macroaxis approach towards determining 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. WS Industries exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WS Industries Standard Deviation of 4.23 and Market Risk Adjusted Performance of 4.22 to validate risk estimate we provide.
|Horizon||30 Days Login to change|
WS Industries Market Sensitivity
|As returns on market increase, returns on owning WS Industries are expected to decrease at a much smaller rate. During bear market, WS Industries is likely to outperform the market. 2 Months Beta |Analyze WS Industries Demand TrendCheck current 30 days WS Industries correlation with market (DOW)|
β = -0.1992
WS Industries Central Daily Price Deviation
WS Industries Technical Analysis
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WS Industries Projected Return Density Against MarketAssuming 30 trading days horizon, WS Industries has beta of -0.1992 . This means as returns on benchmark increase, returns on holding WS Industries are expected to decrease at a much smaller rate. During bear market, however, WS Industries 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. WS Industries is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of WS Industries is -200.1. The daily returns are destributed with a variance of 13.63 and standard deviation of 3.69. The mean deviation of WS Industries is currently at 2.77. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.82|
|Beta against DOW||=||0.2|
WS Industries Return Volatilitythe enterprise assumes 3.6924% volatility of returns over the 30 days investment horizon. the entity inherits 1.896% risk (volatility on return distribution) over the 30 days horizon.
WS Industries has a volatility of 3.69 and is 1.94 times more volatile than DOW. 33% of all equities and portfolios are less risky than WS Industries. Compared to the overall equity markets, volatility of historical daily returns of WS Industries is lower than 33 (%) of all global equities and portfolios over the last 30 days. Use WS Industries to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of WS Industries to be traded at 2.67 in 30 days. . As returns on market increase, returns on owning WS Industries are expected to decrease at a much smaller rate. During bear market, WS Industries is likely to outperform the market.
WS Industries correlation with market