Castex Technologies (India) Risk Analysis And Volatility Evaluation

CASTEXTECH -- India Stock  

INR 1.45  0.10  7.41%

Castex Technologies is unknown risk given 1 month investment horizon. Castex Technologies secures Sharpe Ratio (or Efficiency) of 0.3227 which signifies that Castex Technologies had 0.3227% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.4353% are justified by taking the suggested risk. Use Castex Technologies Risk Adjusted Performance of 0.2422 and Mean Deviation of 3.45 to evaluate company specific risk that cannot be diversified away.
Horizon     30 Days    Login   to change

Castex Technologies Market Sensitivity

As returns on market increase, returns on owning Castex Technologies are expected to decrease at a much smaller rate. During bear market, Castex Technologies is likely to outperform the market.
One Month Beta |Analyze Castex Technologies Demand Trend
Check current 30 days Castex Technologies correlation with market (DOW)
β = -0.1373

Castex Technologies Central Daily Price Deviation

Castex Technologies Technical Analysis

Transformation
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Castex Technologies Projected Return Density Against Market

Assuming 30 trading days horizon, Castex Technologies Limited has beta of -0.1373 . This suggests as returns on benchmark increase, returns on holding Castex Technologies are expected to decrease at a much smaller rate. During bear market, however, Castex Technologies Limited is likely to outperform the market. Moreover, Castex Technologies Limited has an alpha of 0.8006 implying that it can potentially generate 0.8006% 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 Castex Technologies is 309.85. The daily returns are destributed with a variance of 19.78 and standard deviation of 4.45. The mean deviation of Castex Technologies Limited is currently at 3.55. For similar time horizon, the selected benchmark (DOW) has volatility of 1.24
α
Alpha over DOW
=0.80
β
Beta against DOW=0.14
σ
Overall volatility
=4.45
Ir
Information ratio =0.21

Castex Technologies Return Volatility

Castex Technologies Limited accepts 4.4471% volatility on return distribution over the 30 days horizon. DOW inherits 1.2989% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Castex Technologies Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Castex Technologies Investment Opportunity

Castex Technologies Limited has a volatility of 4.45 and is 3.42 times more volatile than DOW. 40% of all equities and portfolios are less risky than Castex Technologies. Compared to the overall equity markets, volatility of historical daily returns of Castex Technologies Limited is lower than 40 (%) of all global equities and portfolios over the last 30 days. Use Castex Technologies Limited to enhance returns of your portfolios. The stock experiences very speculative upward sentiment.. Check odds of Castex Technologies to be traded at 1.8125 in 30 days. As returns on market increase, returns on owning Castex Technologies are expected to decrease at a much smaller rate. During bear market, Castex Technologies is likely to outperform the market.

Castex Technologies correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Castex Technologies Limited and equity matching DJI index in the same portfolio.

Castex Technologies Volatility Indicators

Castex Technologies Limited Current Risk Indicators

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