TECHM Alpha and Beta Analysis

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TECHM -- India Stock  

INR 577.30  6.15  1.05%

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

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Please note that although TECH MAHINDRA 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, TECH MAHINDRA did 0.28  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 TECH MAHINDRA stock's relative risk over its benchmark. TECH MAHINDRA has a beta of 0.48  . Let's try to break down what TECHM's beta means in this case. As returns on the market increase, returns on owning TECH MAHINDRA are expected to decrease at a much lower rate. During the bear market, TECH MAHINDRA 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.

TECH MAHINDRA Market Premiums

α0.28   β-0.48
30 days against DJI

TECH MAHINDRA expected buy-and-hold returns

TECH MAHINDRA Market Price Analysis

TECH MAHINDRA Return and Market Media

The median price of TECH MAHINDRA for the period between Sun, Apr 12, 2020 and Sat, Jul 11, 2020 is 535.9 with a coefficient of variation of 4.56. The daily time series for the period is distributed with a sample standard deviation of 24.62, arithmetic mean of 539.3, and mean deviation of 20.68. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  
      Timeline 

About TECH MAHINDRA 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 TECH MAHINDRA 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.

Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page