CALIFORNIA Volatility

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CALSOFT -- India Stock  

INR 9.55  0.15  1.55%

CALIFORNIA SOFTWAR appears to be slightly risky, given 3 months investment horizon. CALIFORNIA SOFTWAR secures Sharpe Ratio (or Efficiency) of 0.0758, which signifies that the company had 0.0758% of return per unit of return volatility over the last 3 months. Our approach into foreseeing the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for CALIFORNIA SOFTWAR, which you can use to evaluate future volatility of the entity. Please makes use of CALIFORNIA SOFTWAR downside deviation of 4.54, coefficient of variation of 183091.01, and mean deviation of 3.11 to double-check if our risk estimates are consistent with your expectations.

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CALIFORNIA SOFTWAR Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of CALIFORNIA daily returns, and it is calculated using variance and standard deviation. We also use CALIFORNIA's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CALIFORNIA SOFTWAR volatility.

90 Days Market Risk

Slightly risky

Chance of Distress

Close to Average

90 Days Economic Sensitivity

Slowly supersedes the market

CALIFORNIA SOFTWAR Market Sensitivity And Downside Risk

CALIFORNIA SOFTWAR beta coefficient measures the volatility of CALIFORNIA stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents CALIFORNIA stock's returns against your selected market. In other words, CALIFORNIA SOFTWAR's beta of 0.22 provides an investor with an approximation of how much risk CALIFORNIA SOFTWAR stock can potentially add to one of your existing portfolios. Let's try to break down what CALIFORNIA's beta means in this case. As returns on the market increase, CALIFORNIA SOFTWAR returns are expected to increase less than the market. However, during the bear market, the loss on holding CALIFORNIA SOFTWAR will be expected to be smaller as well.
3 Months Beta |Analyze CALIFORNIA SOFTWAR Demand Trend
Check current 30 days CALIFORNIA SOFTWAR correlation with market (DOW)
β

Current CALIFORNIA SOFTWAR Beta Coefficient

 = 

CALIFORNIA SOFTWAR Central Daily Price Deviations

It is essential to understand the difference between upside risk (as represented by CALIFORNIA SOFTWAR's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of CALIFORNIA SOFTWAR stock's daily returns or price. Since the actual investment returns on holding a position in CALIFORNIA SOFTWAR stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in CALIFORNIA SOFTWAR.

CALIFORNIA SOFTWAR Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of CALIFORNIA SOFTWAR high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only CALIFORNIA SOFTWAR closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

CALIFORNIA SOFTWAR Projected Return Density Against Market

Assuming the 30 trading days horizon, CALIFORNIA SOFTWAR has a beta of 0.2176 suggesting as returns on the market go up, CALIFORNIA SOFTWAR average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CALIFORNIA SOFTWAR will be expected to be much smaller as well. Additionally, Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CALIFORNIA SOFTWAR or CALIFORNIA SOFTWAR sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CALIFORNIA SOFTWAR stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CALIFORNIA stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. The company has a negative alpha, implying that the risk taken by holding this equity is not justified. CALIFORNIA SOFTWAR is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

CALIFORNIA SOFTWAR Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CALIFORNIA SOFTWAR or CALIFORNIA SOFTWAR sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CALIFORNIA SOFTWAR stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CALIFORNIA stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 30 trading days horizon, the coefficient of variation of CALIFORNIA SOFTWAR is 1319.3. The daily returns are destributed with a variance of 17.13 and standard deviation of 4.14. The mean deviation of CALIFORNIA SOFTWAR is currently at 2.96. For similar time horizon, the selected benchmark (DOW) has volatility of 2.14
α
Alpha over DOW
=-0.06
β
Beta against DOW=0.22
σ
Overall volatility
=4.14
Ir
Information ratio =-0.06

CALIFORNIA SOFTWAR Return Volatility

CALIFORNIA SOFTWAR historical daily return volatility represents how much CALIFORNIA SOFTWAR stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm accepts 4.1389% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.8316% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About CALIFORNIA SOFTWAR Volatility

Volatility is a rate at which the price of CALIFORNIA SOFTWAR or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of CALIFORNIA SOFTWAR may increase or decrease. In other words, similar to CALIFORNIA's beta indicator, it measures the risk of CALIFORNIA SOFTWAR and helps estimate the fluctuations that may happen in a short period of time. So if prices of CALIFORNIA SOFTWAR fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.
California Software Company Limited provides software development, business process outsourcing, and IT infrastructure services. The company was founded in 1992 and is based in Chennai, India. CALIFORNIA SOFTWAR operates under SoftwareApplication classification in India and is traded on National Stock Exchange of India.

CALIFORNIA SOFTWAR Investment Opportunity

CALIFORNIA SOFTWAR has a volatility of 4.14 and is 2.26 times more volatile than DOW. 36  of all equities and portfolios are less risky than CALIFORNIA SOFTWAR. Compared to the overall equity markets, volatility of historical daily returns of CALIFORNIA SOFTWAR is lower than 36 () of all global equities and portfolios over the last 30 days. Use CALIFORNIA SOFTWAR to protect your portfolios against small markets fluctuations. The stock experiences a somewhat bearish sentiment, but market may correct it shortly. Check odds of CALIFORNIA SOFTWAR to be traded at 9.26 in 30 days. . Let's try to break down what CALIFORNIA's beta means in this case. As returns on the market increase, CALIFORNIA SOFTWAR returns are expected to increase less than the market. However, during the bear market, the loss on holding CALIFORNIA SOFTWAR will be expected to be smaller as well.

CALIFORNIA SOFTWAR correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding CALIFORNIA SOFTWAR and equity matching DJI index in the same portfolio.

CALIFORNIA SOFTWAR Additional Risk Indicators

The analysis of various secondary risk indicators of CALIFORNIA SOFTWAR is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in CALIFORNIA SOFTWAR investment, and either accepting that risk or mitigating it. Along with some common measures of CALIFORNIA SOFTWAR stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance0.0063
Market Risk Adjusted Performance(0.024953)
Mean Deviation3.11
Semi Deviation3.92
Downside Deviation4.54
Coefficient Of Variation183091.01
Standard Deviation4.38

CALIFORNIA SOFTWAR Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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Continue to Trending Equities. Please also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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