Bharat Immunologicals Information Ratio

    Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

    INR 25.05  1.70  6.36%

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    Bharat Immunologicals Biologicals Corp Ltd has current Information Ratio of 0.39. The Information Ratio is the ratio of the alpha component of total returns to the standard deviation of these excess alpha returns. The alpha component is the return that is attributable to the manager skill to time the market and is the residual after taking out the risk free return and the beta components from the total returns. While the Sharpe ratio considers the standard deviation of the total returns, the information ratio considers the variability of only the alpha component of the return (which also forms the numerator). In other words, the information ratio is merely Jensen alpha divided by its standard deviation.
    Bharat Immunologicals 
    INFOR 
     = 
    ER[a] - ER[b] 
    STD[a] 
     = 
    0.39
    ER[a] =   Expected return on investing in Bharat Immunologicals
    ER[b] =   Expected return on market index or selected benchmark
    STD[a] =   Standard Deviation of returns on Bharat Immunologicals

    Information Ratio Comparison

    Bharat Immunologicals Biologicals Corp Ltd is rated below average in information ratio category among related companies. It is currently under evaluation in maximum drawdown category among related companies .
    The higher the information ratio, the greater the chances of the manager to make money in the future. The information ratio only looks to compute the return per unit of risk undertaken for the alpha component. This is important because alpha returns are risky, as they represent a zero sum game for the market as a whole. In fact, average alpha for the market as a whole is in practice slightly less than zero because of transaction and other costs. Therefore it is easy for a manager to take on ?alpha risk? and lose money that will bite into the beta returns.
    Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of pharmaceuticals solutions in India. more
    NameBharat Immunologicals Biologicals Corp Ltd
    Macroaxis Advice
    InstrumentIndia Stock Stocks Directory
    ExchangeBombay Stock Exchange
    CurrencyINR