Macroaxis considers Bharat Immunologicals to be not very volatile. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of -0.0017 which signifies that Bharat Immunologicals had -0.0017% of return per unit of standard deviation over the last 1 month. 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 Mean Deviation of 3.64 and Risk Adjusted Performance of 0.0034 to double-check risk estimate we provide.
|Time Horizon||30 Days Login to change|
Bharat Immunologicals Market Sensitivity
|As returns on market increase, returns on owning Bharat Immunologicals are expected to decrease by larger amounts. On the other hand, during market turmoil, Bharat Immunologicals is expected to significantly outperform it.One Month Beta |Analyze Bharat Immunologicals Demand TrendCheck current 30 days Bharat Immunologicals correlation with market (DOW)|
β = -4.7423
Bharat Immunologicals Technical Analysis
Projected Return Density Against MarketAssuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -4.7423 . This suggests as returns on its benchmark rise, returns on holding Bharat Immunologicals Biologicals Corp Ltd are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Bharat Immunologicals is expected to outperform its benchmark. In addition to that, Bharat Immunologicals Biologicals Corp Ltd has an alpha of 1.0489 implying that it can potentially generate 1.0489% excess return over DOW after adjusting for the inherited market risk (beta).
Assuming 30 trading days horizon, the coefficient of variation of Bharat Immunologicals is -57437.69. The daily returns are destributed with a variance of 24.97 and standard deviation of 5.0. The mean deviation of Bharat Immunologicals Biologicals Corp Ltd is currently at 3.76. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45