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ALLAHABAD BANK (India) Risk Analysis And Volatility

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ALBK -- India Stock  

INR 15.35  0.10  0.66%

Macroaxis considers ALLAHABAD BANK to be slightly risky. ALLAHABAD BANK secures Sharpe Ratio (or Efficiency) of -0.3775 which signifies that the organization had -0.3775% of return per unit of return volatility over the last 3 months. Macroaxis approach to foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ALLAHABAD BANK exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ALLAHABAD BANK Mean Deviation of 1.42 and Risk Adjusted Performance of (0.27) to double-check risk estimate we provide.

90 Days Market Risk

Slightly risky

Chance of Distress

High

90 Days Economic Sensitivity

Almost neglects market trends

ALLAHABAD BANK Market Sensitivity

As returns on market increase, returns on owning ALLAHABAD BANK are expected to decrease at a much smaller rate. During bear market, ALLAHABAD BANK is likely to outperform the market.
3 Months Beta |Analyze ALLAHABAD BANK Demand Trend
Check current 30 days ALLAHABAD BANK correlation with market (DOW)
β = -0.2257

ALLAHABAD BANK Central Daily Price Deviation

ALLAHABAD BANK Technical Analysis

Transformation
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ALLAHABAD BANK Projected Return Density Against Market

Assuming 30 trading days horizon, ALLAHABAD BANK has beta of -0.2257 . This suggests as returns on benchmark increase, returns on holding ALLAHABAD BANK are expected to decrease at a much smaller rate. During bear market, however, ALLAHABAD BANK 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. ALLAHABAD BANK is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of ALLAHABAD BANK is -264.91. The daily returns are destributed with a variance of 5.41 and standard deviation of 2.33. The mean deviation of ALLAHABAD BANK is currently at 1.61. For similar time horizon, the selected benchmark (DOW) has volatility of 0.78
α
Alpha over DOW
=0.75
β
Beta against DOW=0.23
σ
Overall volatility
=2.33
Ir
Information ratio =0.4

ALLAHABAD BANK Return Volatility

the enterprise accepts 2.3264% volatility on return distribution over the 30 days horizon. the entity inherits 0.7938% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

ALLAHABAD BANK Investment Opportunity

ALLAHABAD BANK has a volatility of 2.33 and is 2.95 times more volatile than DOW. 20  of all equities and portfolios are less risky than ALLAHABAD BANK. Compared to the overall equity markets, volatility of historical daily returns of ALLAHABAD BANK is lower than 20 () of all global equities and portfolios over the last 30 days. Use ALLAHABAD BANK to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of ALLAHABAD BANK to be traded at 16.89 in 30 days. . As returns on market increase, returns on owning ALLAHABAD BANK are expected to decrease at a much smaller rate. During bear market, ALLAHABAD BANK is likely to outperform the market.

ALLAHABAD BANK correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding ALLAHABAD BANK and equity matching DJI index in the same portfolio.

ALLAHABAD BANK Current Risk Indicators

ALLAHABAD BANK Suggested Diversification Pairs

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