Macroaxis considers Tata Resources to be unknown risk. Tata Resources Energy owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.5774 which indicates the organization had -0.5774% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Tata Resources Energy Reg Div Py exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Tata Resources Risk Adjusted Performance of
(0.07) and Coefficient Of Variation of (2,394) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Tata Resources Market Sensitivity
|As returns on market increase, returns on owning Tata Resources are expected to decrease at a much smaller rate. During bear market, Tata Resources is likely to outperform the market. 2 Months Beta |Analyze Tata Resources Energy Demand TrendCheck current 30 days Tata Resources correlation with market (DOW)|
β = -0.0061
Tata Resources Central Daily Price Deviation
Tata Resources Energy Technical Analysis
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Tata Resources Projected Return Density Against MarketAssuming 30 trading days horizon, Tata Resources Energy Reg Div Py has beta of -0.0061 . This suggests as returns on benchmark increase, returns on holding Tata Resources are expected to decrease at a much smaller rate. During bear market, however, Tata Resources Energy Reg Div Py is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Tata Resources Energy is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Tata Resources is -173.21. The daily returns are destributed with a variance of 1.77 and standard deviation of 1.33. The mean deviation of Tata Resources Energy Reg Div Py is currently at 1.02. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.18|
|Beta against DOW||=||0.0061|
Tata Resources Return Volatilitythe fund accepts 1.3309% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.91 and is 1.44 times more volatile than Tata Resources Energy Reg Div Py. 12% of all equities and portfolios are less risky than Tata Resources. Compared to the overall equity markets, volatility of historical daily returns of Tata Resources Energy Reg Div Py is lower than 12 (%) of all global equities and portfolios over the last 30 days.