Macroaxis considers Bharat Immunologicals very risky given 2 months investment horizon. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of 0.0817 which signifies that the organization had 0.0817% of return per unit of standard deviation over the last 2 months. Our philosophy in foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By analyzing Bharat Immunologicals technical indicators you can presently evaluate if the expected return of 0.5047% is justified by implied risk. Please makes use of Bharat Immunologicals Mean Deviation of 3.18 and Risk Adjusted Performance of
(0.06) to double-check if our risk estimates are consistent with your expectations.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
Moves indifferently to market moves
|Horizon||30 Days Login to change|
Bharat Immunologicals Market Sensitivity
|As returns on market increase, returns on owning Bharat Immunologicals are expected to decrease at a much smaller rate. During bear market, Bharat Immunologicals is likely to outperform the market. 2 Months Beta |Analyze Bharat Immunologicals Demand TrendCheck current 30 days Bharat Immunologicals correlation with market (DOW)|
β = -0.0335
Bharat Immunologicals Central Daily Price Deviation
Bharat Immunologicals Technical Analysis
Bharat Immunologicals Projected Return Density Against MarketAssuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -0.0335 . This suggests as returns on benchmark increase, returns on holding Bharat Immunologicals are expected to decrease at a much smaller rate. During bear market, however, Bharat Immunologicals Biologicals Corp Ltd is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Bharat Immunologicals is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Bharat Immunologicals is 1224.69. The daily returns are destributed with a variance of 38.2 and standard deviation of 6.18. The mean deviation of Bharat Immunologicals Biologicals Corp Ltd is currently at 3.47. For similar time horizon, the selected benchmark (DOW) has volatility of 0.65
|Alpha over DOW||=||0.55|
|Beta against DOW||=||0.03|
Bharat Immunologicals Return Volatilitythe company accepts 6.1806% volatility on return distribution over the 30 days horizon. the entity inherits 0.5908% risk (volatility on return distribution) over the 30 days horizon.
Bharat Immunologicals Investment Opportunity
Bharat Immunologicals Biologicals Corp Ltd has a volatility of 6.18 and is 10.47 times more volatile than DOW. 55% 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 higher than 55 (%) of all global equities and portfolios over the last 30 days.
Bharat Immunologicals Current Risk Indicators
|Risk Adjusted Performance||(0.06)|
|Market Risk Adjusted Performance||16.4|
|Coefficient Of Variation||(1,008)|
Bharat Immunologicals Suggested Diversification Pairs