Macroaxis considers Zenith Healthcare to be extremely risky. Zenith Healthcare shows Sharpe Ratio of -0.1285 which attests that the company had -0.1285% 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. Zenith Healthcare exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Zenith Healthcare Downside Deviation of 1.89, Market Risk Adjusted Performance of
(223.79) and Mean Deviation of 1.86 to validate risk estimate we provide.
|Horizon||30 Days Login to change|
Zenith Healthcare Market Sensitivity
|As returns on market increase, returns on owning Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, Zenith Healthcare is likely to outperform the market. 2 Months Beta |Analyze Zenith Healthcare Demand TrendCheck current 30 days Zenith Healthcare correlation with market (DOW)|
β = -0.0018
Zenith Healthcare Central Daily Price Deviation
Zenith Healthcare Technical Analysis
Zenith Healthcare Projected Return Density Against MarketAssuming 30 trading days horizon, Zenith Healthcare Ltd has beta of -0.0018 . This means as returns on benchmark increase, returns on holding Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, however, Zenith Healthcare Ltd is likely to outperform the market. Moreover, The company has an alpha of 0.403 implying that it can potentially generate 0.403% 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 Zenith Healthcare is -778.04. The daily returns are destributed with a variance of 5.13 and standard deviation of 2.26. The mean deviation of Zenith Healthcare Ltd is currently at 1.95. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.40|
|Beta against DOW||=||0.0018|
Zenith Healthcare Return Volatilitythe entity accepts 2.2642% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
Zenith Healthcare Ltd has a volatility of 2.26 and is 1.18 times more volatile than DOW. 20% of all equities and portfolios are less risky than Zenith Healthcare. Compared to the overall equity markets, volatility of historical daily returns of Zenith Healthcare Ltd is lower than 20 (%) of all global equities and portfolios over the last 30 days.