Bimetal Bearings (India) Performance

BIMETAL -- India Stock  

INR 517.00  1.65  0.32%

The firm shows Beta (market volatility) of 0.0778 which signifies that as returns on market increase, Bimetal Bearings returns are expected to increase less than the market. However during bear market, the loss on holding Bimetal Bearings will be expected to be smaller as well. Even though it is essential to pay attention to Bimetal Bearings historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Bimetal Bearings Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Bimetal Bearings has expected return of -0.1715%. Please be advised to confirm Bimetal Bearings Downside Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Downside Variance to decide if Bimetal Bearings past performance will be repeated at some point in the near future.
Horizon     30 Days    Login   to change

Bimetal Bearings Relative Risk vs. Return Landscape

If you would invest  53,110  in Bimetal Bearings Limited on January 19, 2019 and sell it today you would lose (1,410)  from holding Bimetal Bearings Limited or give up 2.65% of portfolio value over 30 days. Bimetal Bearings Limited is generating negative expected returns and assumes 1.2869% volatility on return distribution over the 30 days horizon. Simply put, 11% of equities are less volatile than Bimetal Bearings and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Bimetal Bearings is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.47 times less risky than the market. the firm trades about -0.13 of its potential returns per unit of risk. The DOW is currently generating roughly 0.19 of returns per unit of risk over similar time horizon.

Bimetal Bearings Market Risk Analysis

Sharpe Ratio = -0.1333
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Bimetal Bearings Relative Performance Indicators

Estimated Market Risk
 1.29
  actual daily
 
 11 %
of total potential
 
11
Expected Return
 -0.17
  actual daily
 
 0 %
of total potential
 
0
Risk-Adjusted Return
 -0.13
  actual daily
 
 0 %
of total potential
 
0
Based on monthly moving average Bimetal Bearings is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bimetal Bearings by adding it to a well-diversified portfolio.

Bimetal Bearings Performance Rating

Bimetal Bearings Limited Risk Adjusted Performance Analysis

0

Risk-Adjusted Performance

Over the last 30 days Bimetal Bearings Limited has generated negative risk-adjusted returns adding no value to investors with long positions.

Bimetal Bearings Alerts

Equity Alerts and Improvement Suggestions

Bimetal Bearings is not yet fully synchronised with the market data
Bimetal Bearings generates negative expected return over the last 30 days

Bimetal Bearings Performance Indicators

Bimetal Bearings Basic Price Performance Measures

Quick Ratio2.12
Fifty Two Week Low476.15
Fifty Two Week High689.00
Payout Ratio25.73%
Trailing Annual Dividend Yield1.69%
Check also Trending Equities. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
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