ADITYA Alpha and Beta Analysis

ABSLNN50ET -- India Stock  

INR 244.33  11.32  4.43%

This module allows you to check different measures of market premium (i.e. an alpha and beta) for all equities including ADITYA BIRLA SUN, as well as systematic risk associated with investing in ADITYA BIRLA over a specified time horizon. Please continue to Trending Equities.

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Please note that although ADITYA BIRLA alpha is a measure of relative return and represented here as a single number, it actually indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, ADITYA BIRLA did 0.14  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of ADITYA BIRLA SUN relative risk over its benchmark. ADITYA BIRLA SUN has beta of 0.24  . As returns on market increase, ADITYA BIRLA returns are expected to increase less than the market. However, during bear market, the loss on holding ADITYA BIRLA will be expected to be smaller as well. Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility againt benchmark. The goal is to know if an investor is being compensated for the volatility risk taken.The return on investment might be better than a benchmark but still not compensate for the assumption of the volatility risk.

ADITYA BIRLA Market Premiums

α0.14   β0.24
30 days against DJI

ADITYA BIRLA Fundamentals

ADITYA BIRLA Opportunities

ADITYA BIRLA Return and Market Media

The median price of ADITYA BIRLA for the period between Sun, Mar 1, 2020 and Sat, May 30, 2020 is 283.17 with a coefficient of variation of 11.97. The daily time series for the period is distributed with a sample standard deviation of 31.74, arithmetic mean of 265.15, and mean deviation of 26.78. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  

About ADITYA BIRLA Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in ADITYA BIRLA SUN has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

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