MCX ICOMDEX (India) Buy Hold or Sell Recommendation

MCIALUM Index   11,442  49.61  0.43%   
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding MCX ICOMDEX ALUMINIUM is 'Hold'. Macroaxis provides MCX ICOMDEX buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MCIALUM positions. The advice algorithm takes into account all of MCX ICOMDEX's available fundamental, technical, and predictive indicators you will find on this site.
The advice is provided from MCX ICOMDEX's buy-and-hold perspective. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in industry. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

Execute MCX ICOMDEX Buy or Sell Advice

The MCX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on MCX ICOMDEX ALUMINIUM. Macroaxis does not own or have any residual interests in MCX ICOMDEX ALUMINIUM or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute MCX ICOMDEX's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

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Market Performance


Economic Sensitivity

For the selected time horizon MCX ICOMDEX ALUMINIUM has a Risk Adjusted Performance of (0.042448) and Total Risk Alpha of (0.031096)

MCX ICOMDEX Trading Alerts and Improvement Suggestions

MCX ICOMDEX generated a negative expected return over the last 90 days

MCX ICOMDEX Returns Distribution Density

The distribution of MCX ICOMDEX's historical returns is an attempt to chart the uncertainty of MCX ICOMDEX's future price movements. The chart of the probability distribution of MCX ICOMDEX stock daily returns describes the distribution of returns around its average expected value. We use MCX ICOMDEX ALUMINIUM price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of MCX ICOMDEX returns is essential to provide solid investment advice for MCX ICOMDEX.
Mean Return-0.03Value At Risk-1.19
Potential Upside0.91Standard Deviation0.77
   Return Density   
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of MCX ICOMDEX historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.


Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to MCX ICOMDEX or MCX sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that MCX ICOMDEX's price will be affected by overall index market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a MCX index's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Alpha over NYSE Composite
Beta against NYSE Composite0.00
Overall volatility
Information ratio -0.04

MCX ICOMDEX Volatility Alert

MCX ICOMDEX ALUMINIUM exhibits very low volatility with skewness of 0.32 and kurtosis of 1.12. However, we advise investors to further study MCX ICOMDEX ALUMINIUM technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure MCX ICOMDEX's index risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact MCX ICOMDEX's index price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Use Investing Ideas to Build Portfolios

In addition to having MCX ICOMDEX in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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IT Theme
Information Technology (IT) companies and IT service providers across different domains. The IT theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize IT Theme or any other thematic opportunities.
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running MCX ICOMDEX's price analysis, check to measure MCX ICOMDEX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MCX ICOMDEX is operating at the current time. Most of MCX ICOMDEX's value examination focuses on studying past and present price action to predict the probability of MCX ICOMDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MCX ICOMDEX's price. Additionally, you may evaluate how the addition of MCX ICOMDEX to your portfolios can decrease your overall portfolio volatility.
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