Macroaxis considers Bharat Immunologicals not very volatile given 1 month investment horizon. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of 0.1132 which signifies that Bharat Immunologicals had 0.1132% 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. By analyzing Bharat Immunologicals technical indicators you can presently evaluate if the expected return of 0.5441% is justified by implied risk. Please makes use of Bharat Immunologicals Mean Deviation of 2.64 and Risk Adjusted Performance of 0.065 to double-check if our risk estimates are consistent with your expectations.
|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 = 1.673
Bharat Immunologicals Technical Analysis
Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 1.673 . 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. Moreover, Bharat Immunologicals Biologicals Corp Ltd has an alpha of 0.2049 implying that it can potentially generate 0.2049% 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 883.39. The daily returns are destributed with a variance of 23.1 and standard deviation of 4.81. The mean deviation of Bharat Immunologicals Biologicals Corp Ltd is currently at 2.64. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49