|Horizon||30 Days Login to change|
BEML Market Sensitivity
|As returns on market increase, returns on owning BEML are expected to decrease by larger amounts. On the other hand, during market turmoil, BEML is expected to significantly outperform it.One Month Beta |Analyze BEML Limited Demand TrendCheck current 30 days BEML correlation with market (DOW)|
β = -1.2491
BEML Limited Technical Analysis
BEML Projected Return Density Against MarketAssuming 30 trading days horizon, BEML Limited has beta of -1.2491 . This suggests as returns on its benchmark rise, returns on holding BEML Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, BEML is expected to outperform its benchmark. Additionally, BEML 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
BEML Return VolatilityBEML Limited accepts 1.8668% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.