|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.One Month Beta |Analyze Bharat Immunologicals Demand TrendCheck current 30 days Bharat Immunologicals correlation with market (DOW)|
β = -0.4057
Bharat Immunologicals Technical Analysis
Bharat Immunologicals Projected Return Density Against MarketAssuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -0.4057 . 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. Moreover, Bharat Immunologicals Biologicals Corp Ltd has an alpha of 0.3365 implying that it can potentially generate 0.3365% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Bharat Immunologicals Return VolatilityBharat Immunologicals Biologicals Corp Ltd accepts 2.5668% volatility on return distribution over the 30 days horizon. DOW inherits 0.4208% risk (volatility on return distribution) over the 30 days horizon.