Macroaxis considers WhiteSmoke Software to be unknown risk. WhiteSmoke Software shows Sharpe Ratio of -0.0231 which attests that the company had -0.0231% of return per unit of risk over the last 2 months. Macroaxis philosophy 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. WhiteSmoke Software exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WhiteSmoke Software Mean Deviation of 11.79, Market Risk Adjusted Performance of
(12.17) and Downside Deviation of 6.7 to validate risk estimate we provide.
|Horizon||30 Days Login to change|
WhiteSmoke Software Market Sensitivity
|As returns on market increase, returns on owning WhiteSmoke Software are expected to decrease at a much smaller rate. During bear market, WhiteSmoke Software is likely to outperform the market. 2 Months Beta |Analyze WhiteSmoke Software Demand TrendCheck current 30 days WhiteSmoke Software correlation with market (DOW)|
β = -0.4159
WhiteSmoke Software Central Daily Price Deviation
WhiteSmoke Software Technical Analysis
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WhiteSmoke Software Projected Return Density Against MarketAssuming 30 trading days horizon, WhiteSmoke Software Ltd has beta of -0.4159 . This means as returns on benchmark increase, returns on holding WhiteSmoke Software are expected to decrease at a much smaller rate. During bear market, however, WhiteSmoke Software Ltd is likely to outperform the market. In addition to that, The company has an alpha of 5.0912 implying that it can potentially generate 5.0912% 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 WhiteSmoke Software is -4327.31. The daily returns are destributed with a variance of 47.8 and standard deviation of 6.91. The mean deviation of WhiteSmoke Software Ltd is currently at 5.38. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
|Alpha over DOW||=||5.09|
|Beta against DOW||=||0.42|
WhiteSmoke Software Return Volatilitythe company accepts 6.9134% volatility on return distribution over the 30 days horizon. the entity inherits 0.6912% risk (volatility on return distribution) over the 30 days horizon.
WhiteSmoke Software Ltd has a volatility of 6.91 and is 10.01 times more volatile than DOW. 61% of all equities and portfolios are less risky than WhiteSmoke Software. Compared to the overall equity markets, volatility of historical daily returns of WhiteSmoke Software Ltd is higher than 61 (%) of all global equities and portfolios over the last 30 days. Use WhiteSmoke Software Ltd to protect your portfolios against small markets fluctuations. The stock experiences very speculative upward sentiment. Check odds of WhiteSmoke Software to be traded at S155.8 in 30 days. . As returns on market increase, returns on owning WhiteSmoke Software are expected to decrease at a much smaller rate. During bear market, WhiteSmoke Software is likely to outperform the market.
WhiteSmoke Software correlation with market