Aditya BSL (India) Risk Analysis And Volatility Evaluation

BSLGOLDETF -- India Stock  

INR 2,900  90.00  3.20%

We consider Aditya BSL not too risky. Aditya BSL Gold secures Sharpe Ratio (or Efficiency) of 0.1117 which signifies that Aditya BSL Gold had 0.1117% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Aditya BSL Gold ETF which you can use to evaluate future volatility of the firm. Please confirm Aditya BSL Gold Risk Adjusted Performance of 0.0934 and Mean Deviation of 0.3334 to double-check if risk estimate we provide are consistent with the epected return of 0.1167%.
Horizon     30 Days    Login   to change

Aditya BSL Market Sensitivity

As returns on market increase, Aditya BSL returns are expected to increase less than the market. However during bear market, the loss on holding Aditya BSL will be expected to be smaller as well.
One Month Beta |Analyze Aditya BSL Gold Demand Trend
Check current 30 days Aditya BSL correlation with market (DOW)
β = 0.3914
Aditya BSL Small BetaAditya BSL Gold Beta Legend

Aditya BSL Gold Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Aditya BSL Gold Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Aditya BSL Projected Return Density Against Market

Assuming 30 trading days horizon, Aditya BSL has beta of 0.3914 . This suggests as returns on market go up, Aditya BSL average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Aditya BSL Gold ETF will be expected to be much smaller as well. Moreover, Aditya BSL Gold ETF has an alpha of 0.0764 implying that it can potentially generate 0.0764% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Aditya BSL is 895.25. The daily returns are destributed with a variance of 1.09 and standard deviation of 1.04. The mean deviation of Aditya BSL Gold ETF is currently at 0.74. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39
α
Alpha over DOW
=0.08
β
Beta against DOW=0.39
σ
Overall volatility
=1.04
Ir
Information ratio =0.0378

Aditya BSL Return Volatility

Aditya BSL Gold ETF accepts 1.0447% volatility on return distribution over the 30 days horizon. DOW inherits 0.4208% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

Aditya BSL Investment Opportunity

Aditya BSL Gold ETF has a volatility of 1.04 and is 2.48 times more volatile than DOW. 9% of all equities and portfolios are less risky than Aditya BSL. Compared to the overall equity markets, volatility of historical daily returns of Aditya BSL Gold ETF is lower than 9 (%) of all global equities and portfolios over the last 30 days. Use Aditya BSL Gold ETF to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Aditya BSL to be traded at 3480.0 in 30 days. As returns on market increase, Aditya BSL returns are expected to increase less than the market. However during bear market, the loss on holding Aditya BSL will be expected to be smaller as well.

Aditya BSL correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Aditya BSL Gold ETF and equity matching DJI index in the same portfolio.

Aditya BSL Volatility Indicators

Aditya BSL Gold ETF Current Risk Indicators

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