ZENTEC Alpha and Beta Analysis

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ZENTEC -- India Stock  

INR 37.65  1.40  3.86%

This module allows you to check different measures of market premium (i.e. an alpha and beta) for all equities including ZEN TECHNOLOGIES, 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.

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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 0.00  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 ZEN TECHNOLOGIES relative risk over its benchmark. ZEN TECHNOLOGIES has beta of 0.00  . The returns on DOW and ZEN TECHNOLOGIES are completely uncorrelated. 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.

ZEN TECHNOLOGIES Market Premiums

α-0.36   β-0.27
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 Sun, Mar 1, 2020 and Sat, May 30, 2020 is 37.65 with a coefficient of variation of 29.16. The daily time series for the period is distributed with a sample standard deviation of 11.84, arithmetic mean of 40.61, and mean deviation of 10.14. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  
      Timeline 

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 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