Macroaxis considers Bharat Immunologicals not very volatile given 2 months investment horizon. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of 0.0728 which signifies that Bharat Immunologicals had 0.0728% 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 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 makes use of Bharat Immunologicals Mean Deviation of 1.52 and Risk Adjusted Performance of 0.1304 to double-check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Bharat Immunologicals Market Sensitivity
|As returns on market increase, Bharat Immunologicals returns are expected to increase less than the market. However during bear market, the loss on holding Bharat Immunologicals will be expected to be smaller as well.2 Months Beta |Analyze Bharat Immunologicals Demand TrendCheck current 30 days Bharat Immunologicals correlation with market (DOW)|
β = 0.1934
Bharat Immunologicals Technical Analysis
Projected Return Density Against MarketAssuming 30 trading days horizon, Bharat Immunologicals has beta of 0.1934 . This suggests as returns on market go up, Bharat Immunologicals average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Bharat Immunologicals Biologicals Corp Ltd will be expected to be much smaller as well. Moreover, Bharat Immunologicals Biologicals Corp Ltd has an alpha of 0.1685 implying that it can potentially generate 0.1685% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density