Asian Paints (India) Risk Analysis And Volatility

ASIANPAINT -- India Stock  

INR 1,380  27.85  1.98%

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 Trend
Check current 30 days Asian Paints correlation with market (DOW)
β = 0.0083

Asian Paints Central Daily Price Deviation

Asian Paints Limited Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Asian Paints Limited Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Asian Paints Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.10
β
Beta against DOW=0.0083
σ
Overall volatility
=1.11
Ir
Information ratio =0.0236

Asian Paints Return Volatility

the 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Asian Paints Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

60 Days Economic Sensitivity

Barely shadows market

Investment Outlook

Asian Paints Investment Opportunity

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

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Asian Paints Limited and equity matching DJI index in the same portfolio.

Asian Paints Volatility Indicators

Asian Paints Limited Current Risk Indicators

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