NMDC Alpha and Beta Analysis

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This module allows you to check different measures of market premium (i.e. an alpha and beta) for all equities including NMDC LTD, as well as systematic risk associated with investing in NMDC over a specified time horizon. Check out Stocks Correlation.

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Please note that although NMDC 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, NMDC did 0.00  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 NMDC LTD stock's relative risk over its benchmark. NMDC LTD has a beta of 0.00  . Let's try to break down what NMDC's beta means in this case. The returns on DOW and NMDC are completely uncorrelated. . 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.

NMDC Market Premiums

α0.00   β0.00
30 days against DJI

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