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 TrendCheck current 30 days Bharat Immunologicals correlation with market (DOW)|
β = 2.8616
Projected Return Density Against MarketAssuming 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
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