|Horizon||30 Days Login to change|
Asian Paints Market Sensitivity
|As returns on market increase, returns on owning Asian Paints are expected to decrease at a much smaller rate. During bear market, Asian Paints is likely to outperform the market.One Month Beta |Analyze Asian Paints Limited Demand TrendCheck current 30 days Asian Paints correlation with market (DOW)|
β = -0.1576
Asian Paints Limited Technical Analysis
Asian Paints Projected Return Density Against MarketAssuming 30 trading days horizon, Asian Paints Limited has beta of -0.1576 . This suggests as returns on benchmark increase, returns on holding Asian Paints are expected to decrease at a much smaller rate. During bear market, however, Asian Paints Limited is likely to outperform the market. Additionally, Asian Paints Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Asian Paints Return VolatilityAsian Paints Limited accepts 1.5736% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.