Macroaxis considers Bharat Immunologicals to be not very risky. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of -0.5509 which signifies that Bharat Immunologicals had -0.5509% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Bharat Immunologicals Biologicals Corp Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bharat Immunologicals Mean Deviation of 2.33 and Risk Adjusted Performance of
(0.25) to double-check risk estimate we provide.
|Investment 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.One Month Beta |Analyze Bharat Immunologicals Demand TrendCheck current 30 days Bharat Immunologicals correlation with market (DOW)|
β = 0.2379
Projected Return Density Against MarketAssuming 30 trading days horizon, Bharat Immunologicals has beta of 0.2379 . 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. 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 -181.54. The daily returns are destributed with a variance of 9.27 and standard deviation of 3.05. The mean deviation of Bharat Immunologicals Biologicals Corp Ltd is currently at 2.33. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47