PUNJAB Alpha and Beta Analysis

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PUNJCOMMU -- India Stock  

INR 12.33  1.33  12.09%

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

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Please note that although PUNJAB COMMUNICATIONS 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, PUNJAB COMMUNICATIONS did 0.32  worse 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 PUNJAB COMMUNICATIONS LTD relative risk over its benchmark. PUNJAB COMMUNICATIONS LTD has beta of 0.16  . As returns on market increase, returns on owning PUNJAB COMMUNICATIONS are expected to decrease at a much smaller rate. During bear market, PUNJAB COMMUNICATIONS is likely to outperform the market. 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.

PUNJAB COMMUNICATIONS Market Premiums

α-0.32   β-0.16
30 days against DJI

PUNJAB COMMUNICATIONS expected buy-and-hold returns

PUNJAB COMMUNICATIONS Market Price Analysis

PUNJAB COMMUNICATIONS Return and Market Media

The median price of PUNJAB COMMUNICATIONS for the period between Sun, Mar 1, 2020 and Sat, May 30, 2020 is 11.5 with a coefficient of variation of 10.3. The daily time series for the period is distributed with a sample standard deviation of 1.2, arithmetic mean of 11.65, and mean deviation of 0.98. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  
      Timeline 

About PUNJAB COMMUNICATIONS 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 PUNJAB COMMUNICATIONS LTD 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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