Macroaxis considers Bombay Burmah to be not too risky. Bombay Burmah secures Sharpe Ratio (or Efficiency) of -0.203 which signifies that the organization had -0.203% of return per unit of standard deviation over the last 2 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. The Bombay Burmah Trading Corporation Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bombay Burmah Risk Adjusted Performance of
(0.17) and Mean Deviation of 1.18 to double-check risk estimate we provide.
|Horizon||30 Days Login to change|
Bombay Burmah Market Sensitivity
|As returns on market increase, Bombay Burmah returns are expected to increase less than the market. However during bear market, the loss on holding Bombay Burmah will be expected to be smaller as well. 2 Months Beta |Analyze Bombay Burmah Demand TrendCheck current 30 days Bombay Burmah correlation with market (DOW)|
β = 0.1172
Bombay Burmah Central Daily Price Deviation
Bombay Burmah Technical Analysis
Bombay Burmah Projected Return Density Against MarketAssuming 30 trading days horizon, Bombay Burmah has beta of 0.1172 . This suggests as returns on market go up, Bombay Burmah average returns are expected to increase less than the benchmark. However during bear market, the loss on holding The Bombay Burmah Trading Corporation Limited will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Bombay Burmah is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Bombay Burmah is -492.68. The daily returns are destributed with a variance of 1.65 and standard deviation of 1.29. The mean deviation of The Bombay Burmah Trading Corporation Limited is currently at 0.87. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.2|
|Beta against DOW||=||0.12|
Bombay Burmah Return Volatilitythe corporation accepts 1.2854% volatility on return distribution over the 30 days horizon. the entity inherits 1.8873% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.89 and is 1.47 times more volatile than The Bombay Burmah Trading Corporation Limited. 11% of all equities and portfolios are less risky than Bombay Burmah. Compared to the overall equity markets, volatility of historical daily returns of The Bombay Burmah Trading Corporation Limited is lower than 11 (%) of all global equities and portfolios over the last 30 days. Use The Bombay Burmah Trading Corporation Limited to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Bombay Burmah to be traded at 1317.8 in 30 days. . As returns on market increase, Bombay Burmah returns are expected to increase less than the market. However during bear market, the loss on holding Bombay Burmah will be expected to be smaller as well.
Bombay Burmah correlation with market