SSPNFIN Alpha and Beta Analysis

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SSPNFIN -- India Stock  

INR 43.00  1.10  2.49%

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

Search Beta

Please note that although SSPN Finance 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, SSPN Finance did 0.10  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 SSPN Finance Limited stock's relative risk over its benchmark. SSPN Finance Limited has a beta of 0.46  . Let's try to break down what SSPNFIN's beta means in this case. As returns on the market increase, returns on owning SSPN Finance are expected to decrease at a much lower rate. During the bear market, SSPN Finance is likely to outperform the market. . 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.

SSPN Finance Market Premiums

α0.10   β-0.46
30 days against DJI

SSPN Finance expected buy-and-hold returns

SSPN Finance Market Price Analysis

SSPN Finance Return and Market Media

The median price of SSPN Finance for the period between Fri, Apr 17, 2020 and Thu, Jul 16, 2020 is 42.65 with a coefficient of variation of 4.16. The daily time series for the period is distributed with a sample standard deviation of 1.77, arithmetic mean of 42.6, and mean deviation of 1.36. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  

About SSPN Finance 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 SSPN Finance Limited 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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