Castex Technologies (India) Risk Analysis And Volatility Evaluation

CASTEXTECH -- India Stock  

INR 1.60  0.10  5.88%

Macroaxis considers Castex Technologies unknown risk given 1 month investment horizon. Castex Technologies secures Sharpe Ratio (or Efficiency) of 0.2114 which signifies that Castex Technologies had 0.2114% 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. By analyzing Castex Technologies technical indicators you can presently evaluate if the expected return of 0.9995% is justified by implied risk. Please makes use of Castex Technologies Risk Adjusted Performance of 0.00023673 and Mean Deviation of 4.09 to double-check if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

Castex Technologies Market Sensitivity

Castex Technologies returns are very sensitive to returns on the market. As market goes up or down, Castex Technologies is expected to follow.
One Month Beta |Analyze Castex Technologies Demand Trend
Check current 30 days Castex Technologies correlation with market (DOW)
β = 1.1448
Castex Technologies llmost one BetaCastex Technologies Beta Legend

Castex Technologies Technical Analysis

Transformation
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Castex Technologies Projected Return Density Against Market

Assuming 30 trading days horizon, the stock has beta coefficient of 1.1448 . This suggests Castex Technologies Limited market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Castex Technologies is expected to follow. Additionally, Castex Technologies Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Castex Technologies is 472.96. The daily returns are destributed with a variance of 22.34 and standard deviation of 4.73. The mean deviation of Castex Technologies Limited is currently at 3.87. For similar time horizon, the selected benchmark (DOW) has volatility of 0.38
α
Alpha over DOW
=0.25
β
Beta against DOW=1.14
σ
Overall volatility
=4.73
Ir
Information ratio =0.04

Castex Technologies Return Volatility

Castex Technologies Limited accepts 4.727% volatility on return distribution over the 30 days horizon. DOW inherits 0.3625% 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

Unaffected

Investment Outlook

Castex Technologies Investment Opportunity

Castex Technologies Limited has a volatility of 4.73 and is 13.14 times more volatile than DOW. 43% 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 43 (%) of all global equities and portfolios over the last 30 days. Use Castex Technologies Limited to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Castex Technologies to be traded at 1.52 in 30 days. Castex Technologies returns are very sensitive to returns on the market. As market goes up or down, Castex Technologies is expected to follow.

Castex Technologies correlation with market

Significant 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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