|Horizon||30 Days Login to change|
Bombay Burmah Market Sensitivity
|As returns on market increase, returns on owning Bombay Burmah are expected to decrease by larger amounts. On the other hand, during market turmoil, Bombay Burmah is expected to significantly outperform it.One Month Beta |Analyze The Bombay Burmah Demand TrendCheck current 30 days Bombay Burmah correlation with market (DOW)|
β = -2.3985
The Bombay Burmah Technical Analysis
Bombay Burmah Projected Return Density Against MarketAssuming 30 trading days horizon, The Bombay Burmah Trading Corporation Limited has beta of -2.3985 . This suggests as returns on its benchmark rise, returns on holding The Bombay Burmah Trading Corporation Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Bombay Burmah is expected to outperform its benchmark. Moreover, The Bombay Burmah Trading Corporation Limited has an alpha of 0.4459 implying that it can potentially generate 0.4459% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Bombay Burmah Return VolatilityThe Bombay Burmah Trading Corporation Limited accepts 2.7011% volatility on return distribution over the 30 days horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.