Macroaxis considers Eros International to be moderately volatile. Eros International Plc secures Sharpe Ratio (or Efficiency) of -0.1307 which denotes Eros International Plc had -0.1307% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting 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. Eros International Plc exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Eros International Plc Coefficient Of Variation of
(1,176) and Mean Deviation of 2.95 to check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
Eros International Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Eros International will likely underperform.One Month Beta |Analyze Eros International Plc Demand TrendCheck current 30 days Eros International correlation with market (DOW)|
β = 2.9886
Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 2.9886 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Eros International will likely underperform. Additionally, Eros International Plc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of Eros International is -765.16. The daily returns are destributed with a variance of 14.4 and standard deviation of 3.79. The mean deviation of Eros International Plc is currently at 3.0. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23