WELSPUN Alpha and Beta Analysis

WELSPLSOL -- India Stock  

INR 8.42  0.42  4.75%

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

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Please note that although WELSPUN SPECIALTY 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, WELSPUN SPECIALTY did 8.39  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 WELSPUN SPECIALTY SOLUTIONS stock's relative risk over its benchmark. WELSPUN SPECIALTY has a beta of 0.0203  . Let's try to break down what WELSPUN's beta means in this case. As returns on the market increase, returns on owning WELSPUN SPECIALTY are expected to decrease at a much lower rate. During the bear market, WELSPUN SPECIALTY 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.


α8.39   β-0.02
30 days against DJI



WELSPUN SPECIALTY Return and Market Media

The median price of WELSPUN SPECIALTY for the period between Thu, Apr 9, 2020 and Wed, Jul 8, 2020 is 6.88 with a coefficient of variation of 14.05. The daily time series for the period is distributed with a sample standard deviation of 0.97, arithmetic mean of 6.93, and mean deviation of 0.65. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  

About WELSPUN SPECIALTY 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 WELSPUN SPECIALTY 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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