CENTURY Alpha and Beta Analysis

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CENTEXT -- India Stock  

INR 4.75  0.20  4.40%

This module allows you to check different measures of market premium (i.e. an alpha and beta) for all equities including CENTURY EXTRUSIONS, as well as systematic risk associated with investing in CENTURY EXTRUSIONS over a specified time horizon. Continue to CENTURY EXTRUSIONS Backtesting, CENTURY EXTRUSIONS Valuation, CENTURY EXTRUSIONS Correlation, CENTURY EXTRUSIONS Hype Analysis, CENTURY EXTRUSIONS Volatility, CENTURY EXTRUSIONS History and analyze CENTURY EXTRUSIONS Performance.

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Please note that although CENTURY EXTRUSIONS alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, CENTURY EXTRUSIONS did 2.13  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 CENTURY EXTRUSIONS stock's relative risk over its benchmark. CENTURY EXTRUSIONS has a beta of 0.0097  . Let's try to break down what CENTURY's beta means in this case. As returns on the market increase, CENTURY EXTRUSIONS returns are expected to increase less than the market. However, during the bear market, the loss on holding CENTURY EXTRUSIONS will be expected to be smaller as well. . Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the 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 its reference but still not compensate for the assumption of the risk.


α2.13   β0.0097
30 days against DJI

CENTURY EXTRUSIONS expected buy-and-hold returns

CENTURY EXTRUSIONS Market Price Analysis

CENTURY EXTRUSIONS Return and Market Media

The median price of CENTURY EXTRUSIONS for the period between Mon, Apr 6, 2020 and Sun, Jul 5, 2020 is 2.45 with a coefficient of variation of 44.12. The daily time series for the period is distributed with a sample standard deviation of 1.24, arithmetic mean of 2.81, and mean deviation of 0.93. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  


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 CENTURY EXTRUSIONS 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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