We consider Grasim Industries not too risky. Grasim Industries Limited
holds Efficiency (Sharpe) Ratio of 0.0124 which attests that Grasim Industries Limited
had 0.0124% of return per unit of standard deviation over the last 1 month. Our philosophy in determining volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Grasim Industries Limited which you can use to evaluate future volatility of the corporation. Please check out Grasim Industries Market Risk Adjusted Performance
of 1.27 and Risk Adjusted Performance of 0.0608 to validate if risk estimate we provide are consistent with the epected return of 0.0247%. Grasim Industries has performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.1793 which attests that as returns on market increase, returns on owning Grasim Industries are expected to decrease at a much smaller rate. During bear market, Grasim Industries is likely to outperform the market.. Although it is extremely important to respect Grasim Industries Limited current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy in determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Grasim Industries Limited technical indicators you can presently evaluate if the expected return of 0.0247% will be sustainable into the future. Grasim Industries Limited right now retains a risk of 1.9979%. Please check out Grasim Industries Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Grasim Industries will be following its current trending patterns.
|15 days auto-correlation||(0.33) |
Poor reverse predictability
Grasim Industries Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Grasim Industries time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 22, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Grasim Industries Limited price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Grasim Industries price fluctuation can be explain by its past prices. Given that Grasim Industries Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Grasim Industries for similar time interval.
|Spearman Rank Test||-0.82|