Aditya BSL (India) Risk Analysis And Volatility

BSLGOLDETF -- India Stock  

INR 3,075  37.00  1.22%

Macroaxis considers Aditya BSL unknown risk given 2 months investment horizon. Aditya BSL Gold secures Sharpe Ratio (or Efficiency) of 0.3156 which signifies that the organization had 0.3156% of return per unit of risk over the last 2 months. 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 makes use of Aditya BSL Gold Risk Adjusted Performance of (0.09) and Mean Deviation of 0.6433 to double-check if our risk estimates are consistent with your expectations.
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.
2 Months Beta |Analyze Aditya BSL Gold Demand Trend
Check current 30 days Aditya BSL correlation with market (DOW)
β = 0.1666

Aditya BSL Central Daily Price Deviation

Aditya BSL Gold Technical Analysis

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Aditya BSL Projected Return Density Against Market

Assuming 30 trading days horizon, Aditya BSL has beta of 0.1666 . 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. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Aditya BSL Gold is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Aditya BSL is 316.81. The daily returns are destributed with a variance of 1.9 and standard deviation of 1.38. The mean deviation of Aditya BSL Gold ETF is currently at 1.02. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
α
Alpha over DOW
=0.07
β
Beta against DOW=0.17
σ
Overall volatility
=1.38
Ir
Information ratio =0.13

Aditya BSL Return Volatility

the firm accepts 1.3778% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Investment Outlook

Aditya BSL Investment Opportunity

DOW has a standard deviation of returns of 1.91 and is 1.38 times more volatile than Aditya BSL Gold ETF. 12% 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 12 (%) 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 large bullish trend. Check odds of Aditya BSL to be traded at 3382.5 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

correlation synergy
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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