CXJ OTC Stock Volatility

ECXJ -  USA Stock  

USD 0.60  0.40  40.00%

CXJ Group secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had -0.21% of return per unit of return volatility over the last 3 months. Macroaxis viewpoint regarding foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. CXJ Group exposes twenty-six different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CXJ Group mean deviation of 2.2, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide.

CXJ Volatility 

 
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CXJ OTC 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 CXJ daily returns, and it is calculated using variance and standard deviation. We also use CXJ's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CXJ volatility.

30 Days Market Risk

Out of control

Chance of Distress

High

30 Days Economic Sensitivity

Moves slightly opposite to the market

CXJ Market Sensitivity And Downside Risk

CXJ's beta coefficient measures the volatility of CXJ otc 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 CXJ otc stock's returns against your selected market. In other words, CXJ's beta of -0.78 provides an investor with an approximation of how much risk CXJ otc stock can potentially add to one of your existing portfolios.
Let's try to break down what CXJ's beta means in this case. As returns on the market increase, returns on owning CXJ are expected to decrease at a much lower rate. During the bear market, CXJ is likely to outperform the market.
3 Months Beta |Analyze CXJ Group Demand Trend
Check current 90 days CXJ correlation with market (DOW)

CXJ Beta

    
  -0.78  
CXJ standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  5.91  
It is essential to understand the difference between upside risk (as represented by CXJ's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of CXJ stock's daily returns or price. Since the actual investment returns on holding a position in CXJ 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 CXJ.

CXJ Group OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. CXJ Typical Price indicator is an average of each day price and can be used instead of closing price when creating different CXJ Group moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

CXJ Projected Return Density Against Market

Given the investment horizon of 90 days CXJ Group has a beta of -0.783 suggesting as returns on benchmark increase, returns on holding CXJ are expected to decrease at a much lower rate. During the bear market, however, CXJ Group is likely to outperform the market.
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 CXJ or Consumer Cyclical 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 CXJ 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 CXJ 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 instrument is not justified. CXJ Group is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

CXJ OTC Stock 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 CXJ or Consumer Cyclical 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 CXJ 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 CXJ 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.
Given the investment horizon of 90 days the coefficient of variation of CXJ is -485.06. The daily returns are distributed with a variance of 34.94 and standard deviation of 5.91. The mean deviation of CXJ Group is currently at 2.3. For similar time horizon, the selected benchmark (DOW) has volatility of 0.74
α
Alpha over DOW
-1.13
β
Beta against DOW-0.78
σ
Overall volatility
5.91
Ir
Information ratio -0.21

CXJ OTC Stock Return Volatility

CXJ historical daily return volatility represents how much CXJ stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm inherits 5.9111% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 0.722% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About CXJ Volatility

Volatility is a rate at which the price of CXJ 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 CXJ may increase or decrease. In other words, similar to CXJ's beta indicator, it measures the risk of CXJ and helps estimate the fluctuations that may happen in a short period of time. So if prices of CXJ 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.
CXJ Group Co., Limited engages in the trading of automobile exhaust cleaners and auto parts in China. CXJ Group Co., Limited was incorporated in 1998 and is based in Hangzhou, China. CXJ is traded on OTC Exchange in the United States.

CXJ Investment Opportunity

CXJ Group has a volatility of 5.91 and is 8.21 times more volatile than DOW. 50  of all equities and portfolios are less risky than CXJ. Compared to the overall equity markets, volatility of historical daily returns of CXJ Group is higher than 50 () of all global equities and portfolios over the last 90 days. Use CXJ Group to protect your portfolios against small market fluctuations. The otc stock experiences a very speculative downward sentiment. The market maybe over-reacting. Check odds of CXJ to be traded at $0.57 in 90 days. . Let's try to break down what CXJ's beta means in this case. As returns on the market increase, returns on owning CXJ are expected to decrease at a much lower rate. During the bear market, CXJ is likely to outperform the market.

Good diversification

The correlation between CXJ Group and DJI is Good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CXJ Group and DJI in the same portfolio assuming nothing else is changed.

CXJ Additional Risk Indicators

The analysis of CXJ's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in CXJ's investment and either accepting that risk or mitigating it. Along with some common measures of CXJ 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 the risk of your existing portfolios.
Risk Adjusted Performance(0.14)
Market Risk Adjusted Performance1.51
Mean Deviation2.2
Coefficient Of Variation(496.78)
Standard Deviation5.78
Variance33.39
Information Ratio(0.21)
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 similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

CXJ 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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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against CXJ as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. CXJ's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, CXJ's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to CXJ Group.
Continue to Investing Opportunities. Note that the CXJ Group information on this page should be used as a complementary analysis to other CXJ's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running CXJ Group price analysis, check to measure CXJ's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CXJ is operating at the current time. Most of CXJ's value examination focuses on studying past and present price action to predict the probability of CXJ's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CXJ's price. Additionally, you may evaluate how the addition of CXJ to your portfolios can decrease your overall portfolio volatility.
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The market value of CXJ Group is measured differently than its book value, which is the value of CXJ that is recorded on the company's balance sheet. Investors also form their own opinion of CXJ's value that differs from its market value or its book value, called intrinsic value, which is CXJ's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CXJ's market value can be influenced by many factors that don't directly affect CXJ Group underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CXJ's value and its price as these two are different measures arrived at by different means. Investors typically determine CXJ value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CXJ's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.