Macroaxis considers Grasim Industries to be not too risky. Grasim Industries Limited
holds Efficiency (Sharpe) Ratio of -0.0911 which attests that Grasim Industries Limited
had -0.0911% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in determining 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
. Grasim Industries Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Grasim Industries Market Risk Adjusted Performance
of 51.35 and Risk Adjusted Performance
of 0.17 to validate risk estimate we provide. Macroaxis gives Grasim Industries performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.0081 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.. Even though it is essential to pay attention to Grasim Industries Limited current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy in determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Grasim Industries Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Grasim Industries Limited has expected return of -0.258%. Please be advised to check out Grasim Industries Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Grasim Industries Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.92) |
Near perfect reversele predictability
Grasim Industries Limited has near perfect reversele predictability. Overlapping area represents the amount of predictability between Grasim Industries time series from October 14, 2018 to October 29, 2018 and October 29, 2018 to November 13, 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 -0.92 indicates that approximately 92.0% 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||-0.9|