|Horizon||30 Days Login to change|
B nanji Market Sensitivity
|As returns on market increase, returns on owning B nanji are expected to decrease at a much smaller rate. During bear market, B nanji is likely to outperform the market.One Month Beta |Analyze B nanji Enterprises Demand TrendCheck current 30 days B nanji correlation with market (DOW)|
β = -0.6849
B nanji Enterprises Technical Analysis
B nanji Projected Return Density Against MarketAssuming 30 trading days horizon, B nanji Enterprises Ltd has beta of -0.6849 . This suggests as returns on benchmark increase, returns on holding B nanji are expected to decrease at a much smaller rate. During bear market, however, B nanji Enterprises Ltd is likely to outperform the market. Moreover, B nanji Enterprises Ltd has an alpha of 0.6581 implying that it can potentially generate 0.6581% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
B nanji Return VolatilityB nanji Enterprises Ltd accepts 2.1863% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.