Projected Return Density against MarketAssuming 30 trading days horizon, the stock has beta cooficient of 1.56 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Syndicate will likely underperform. In addition to that, Syndicate Bank Limited has alpha of 1.56 implying that it can potentially generate 1.56% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Syndicate is 1255.91. The daily returns are destributed with a variance of 8.56 and standard deviation of 2.93. The mean deviation of Syndicate Bank Limited is currently at 1.88. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.57
Actual Return VolatilitySyndicate Bank Limited accepts 2.92% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.57% volatility of returns over 30 trading days.
Follow Syndicate Volatility with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
Syndicate Bank Limited has a volatility of 2.92 and is 3.14 times more volatile than BSE. 38% of all equities and portfolios are less risky than Syndicate. Compared with the overall equity markets, volatility of historical daily returns of Syndicate Bank Limited is lower than 38 (%) of all global equities and portfolios over the last 30 days. Use Syndicate Bank Limited to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Syndicate will likely underperform.
Syndicate correlation with market
Syndicate Current Risk Indicators
Suggested Divercification Pairs