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AMFORGE INDUSTRIES (India) Risk Analysis And Volatility

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AMFORG -- India Stock  

INR 0.74  0.00  0.00%

Macroaxis considers AMFORGE INDUSTRIES to be out of control. AMFORGE INDUSTRIES LTD secures Sharpe Ratio (or Efficiency) of -0.09 which signifies that the organization had -0.09% of return per unit of risk over the last 3 months. Macroaxis philosophy in 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. AMFORGE INDUSTRIES LTD exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm AMFORGE INDUSTRIES LTD Risk Adjusted Performance of (0.05) and Mean Deviation of 3.29 to double-check risk estimate we provide.
Equity
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90 Days Market Risk

Out of control

Chance of Distress

Average

90 Days Economic Sensitivity

Moves totally opposite to market

AMFORGE INDUSTRIES Market Sensitivity

AMFORGE INDUSTRIES LTD Technical Analysis

Transformation
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AMFORGE INDUSTRIES Projected Return Density Against Market

Assuming 30 trading days horizon, AMFORGE INDUSTRIES LTD has beta of -0.8917 . This suggests Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. AMFORGE INDUSTRIES LTD is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of AMFORGE INDUSTRIES is -1111.0. The daily returns are destributed with a variance of 21.17 and standard deviation of 4.6. The mean deviation of AMFORGE INDUSTRIES LTD is currently at 3.35. For similar time horizon, the selected benchmark (DOW) has volatility of 0.79
α
Alpha over DOW
=0.33
β
Beta against DOW=0.89
σ
Overall volatility
=4.60
Ir
Information ratio =0.09

AMFORGE INDUSTRIES Return Volatility

the company accepts 4.6012% volatility on return distribution over the 30 days horizon. the entity inherits 0.9306% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

AMFORGE INDUSTRIES Investment Opportunity

AMFORGE INDUSTRIES LTD has a volatility of 4.6 and is 4.95 times more volatile than DOW. 41  of all equities and portfolios are less risky than AMFORGE INDUSTRIES. Compared to the overall equity markets, volatility of historical daily returns of AMFORGE INDUSTRIES LTD is lower than 41 () of all global equities and portfolios over the last 30 days. Use AMFORGE INDUSTRIES LTD to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of AMFORGE INDUSTRIES to be traded at 0.7326 in 30 days. .

AMFORGE INDUSTRIES correlation with market

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

AMFORGE INDUSTRIES Current Risk Indicators

AMFORGE INDUSTRIES Suggested Diversification Pairs

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