If you would invest 0.00 in Bharat Immunologicals on November 21, 2018 and sell it all today you would earn a total of 0.00 from holding Bharat Immunologicals Biologicals Corp Ltd or generate 0.0% return on investment in Bharat Immunologicals over 60 days. Bharat Immunologicals is related to or competes with Biocon, Syngene International, Syngene International, Dishman Carbogen, Sequent Scientific, Panacea Biotec, and Panacea Biotec. Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of phar...
Macroaxis considers Bharat Immunologicals to be relatively volatile. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of -0.1306 which signifies that the organization had -0.1306% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in foreseeing 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. Bharat Immunologicals Biologicals Corp Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bharat Immunologicals Risk Adjusted Performance of (0.27) and Mean Deviation of 1.89 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.0699 which signifies that as returns on market increase, Bharat Immunologicals returns are expected to increase less than the market. However during bear market, the loss on holding Bharat Immunologicals will be expected to be smaller as well. Even though it is essential to pay attention to Bharat Immunologicals historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Bharat Immunologicals Biologicals Corp Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Bharat Immunologicals has expected return of -0.3727%. Please be advised to confirm Bharat Immunologicals Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if Bharat Immunologicals past performance will be repeated at some point in the near future.
Bharat Immunologicals Biologicals Corp Ltd has modest predictability. Overlapping area represents the amount of predictability between Bharat Immunologicals time series from November 21, 2018 to December 21, 2018 and December 21, 2018 to January 20, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bharat Immunologicals price movement. The serial correlation of 0.5 indicates that about 50.0% of current Bharat Immunologicals price fluctuation can be explain by its past prices.
Spearman Rank Test
Bharat Immunologicals lagged returns against current returns
Current and Lagged Values
Bharat Immunologicals regressed lagged prices vs. current prices
Current vs Lagged Prices
Bharat Immunologicals Lagged Returns
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Correlation analysis and pair trading evaluation for Bharat Immunologicals and Biocon Limited. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return