Macroaxis considers Asian Paints to be not too risky. Asian Paints Limited secures Sharpe Ratio (or Efficiency) of -0.009 which signifies that the organization had -0.009% of return per unit of risk over the last 2 months. Macroaxis philosophy towards 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. Asian Paints Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Asian Paints Limited Risk Adjusted Performance of 0.1543, Mean Deviation of 0.8663 and Downside Deviation of 1.22 to double-check risk estimate we provide.
|Horizon||30 Days Login to change|
Asian Paints Market Sensitivity
|As returns on market increase, Asian Paints returns are expected to increase less than the market. However during bear market, the loss on holding Asian Paints will be expected to be smaller as well. 2 Months Beta |Analyze Asian Paints Limited Demand TrendCheck current 30 days Asian Paints correlation with market (DOW)|
β = 0.0083
Asian Paints Central Daily Price Deviation
Asian Paints Limited Technical Analysis
Asian Paints Projected Return Density Against MarketAssuming 30 trading days horizon, Asian Paints has beta of 0.0083 . This suggests as returns on market go up, Asian Paints average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Asian Paints Limited will be expected to be much smaller as well. Moreover, The company has an alpha of 0.1003 implying that it can potentially generate 0.1003% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Asian Paints is -11159.39. The daily returns are destributed with a variance of 1.22 and standard deviation of 1.11. The mean deviation of Asian Paints Limited is currently at 0.76. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.10|
|Beta against DOW||=||0.0083|
Asian Paints Return Volatilitythe company accepts 1.1063% volatility on return distribution over the 30 days horizon. the entity inherits 1.9038% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.9 and is 1.71 times more volatile than Asian Paints Limited. 10% of all equities and portfolios are less risky than Asian Paints. Compared to the overall equity markets, volatility of historical daily returns of Asian Paints Limited is lower than 10 (%) of all global equities and portfolios over the last 30 days. Use Asian Paints Limited to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Asian Paints to be traded at 1338.89 in 30 days. . As returns on market increase, Asian Paints returns are expected to increase less than the market. However during bear market, the loss on holding Asian Paints will be expected to be smaller as well.
Asian Paints correlation with market