Bharat Immunologicals (India) Risk Analysis

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 22.45  0.1  0.45%

We consider Bharat Immunologicals not very risky. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of 0.049 which signifies that Bharat Immunologicals had 0.049% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Bharat Immunologicals Biologicals Corp Ltd which you can use to evaluate future volatility of the firm. Please confirm Bharat Immunologicals Mean Deviation of 1.71 and Risk Adjusted Performance of 0.0023 to double-check if risk estimate we provide are consistent with the epected return of 0.1172%.
Investment Horizon     30 Days    Login   to change

Bharat Immunologicals Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Bharat Immunologicals will likely underperform.
One Month Beta |Analyze Bharat Immunologicals Demand Trend
Check current 30 days Bharat Immunologicals correlation with market (DOW)
β = 2.8616
Bharat Immunologicals Large BetaBharat Immunologicals Beta Legend

Projected Return Density Against Market

Assuming 30 trading days horizon, the stock has beta coefficient of 2.8616 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Bharat Immunologicals will likely underperform. Additionally, Bharat Immunologicals Biologicals Corp Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Bharat Immunologicals is 2041.98. The daily returns are destributed with a variance of 5.73 and standard deviation of 2.39. The mean deviation of Bharat Immunologicals Biologicals Corp Ltd is currently at 1.69. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23
α
Alpha over DOW
=(0.45) 
βBeta against DOW= 2.86 
σ
Overall volatility
= 2.39 
 IrInformation ratio =(0.0859) 

Actual Return Volatility

Bharat Immunologicals Biologicals Corp Ltd accepts 2.3942% volatility on return distribution over the 30 days horizon. DOW inherits 0.2342% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Bharat Immunologicals Volatility Factors

30 Days Market Risk

Not very risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Hypersensitive to market

Largest Trends

Bharat Immunologicals Largest Period Trend

Investment Outlook

Bharat Immunologicals Investment Opportunity
Bharat Immunologicals Biologicals Corp Ltd has a volatility of 2.39 and is 10.39 times more volatile than DOW. 22% of all equities and portfolios are less risky than Bharat Immunologicals. Compared to the overall equity markets, volatility of historical daily returns of Bharat Immunologicals Biologicals Corp Ltd is lower than 22 (%) of all global equities and portfolios over the last 30 days. Use Bharat Immunologicals Biologicals Corp Ltd to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Bharat Immunologicals to be traded at 23.57 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Bharat Immunologicals will likely underperform.

Bharat Immunologicals correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bharat Immunologicals Biologic and equity matching DJI index in the same portfolio.

Volatility Indicators

Bharat Immunologicals Current Risk Indicators