ZENTEC Alpha and Beta Analysis

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ZENTEC -- India Stock  

INR 37.40  1.40  3.61%

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

Search Beta

Please note that although ZEN TECHNOLOGIES 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, ZEN TECHNOLOGIES did 0.22  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 ZEN TECHNOLOGIES LTD relative risk over its benchmark. ZEN TECHNOLOGIES LTD has beta of 0.07  . As returns on market increase, returns on owning ZEN TECHNOLOGIES are expected to decrease at a much smaller rate. During bear market, ZEN TECHNOLOGIES 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.


α-0.22   β-0.07
30 days against DJI

ZEN TECHNOLOGIES expected buy-and-hold returns

ZEN TECHNOLOGIES Market Price Analysis

ZEN TECHNOLOGIES Return and Market Media

The median price of ZEN TECHNOLOGIES for the period between Thu, Mar 5, 2020 and Wed, Jun 3, 2020 is 37.45 with a coefficient of variation of 29.22. The daily time series for the period is distributed with a sample standard deviation of 11.88, arithmetic mean of 40.67, and mean deviation of 10.14. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  

About ZEN TECHNOLOGIES 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 ZEN TECHNOLOGIES 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.
Zen Technologies Limited, together with its subsidiary, designs, develops, and manufactures training simulators in India and internationally. Zen Technologies Limited was incorporated in 1993 and is based in Hyderabad, India. ZEN TECHNOLOGIES operates under Aerospace Defense classification in India and is traded on Bombay Stock Exchange.

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