Castex Technologies (India) Risk Analysis And Volatility

CASTEXTECH -- India Stock  

INR 1.15  0.05  4.17%

Macroaxis considers Castex Technologies to be unknown risk. Castex Technologies secures Sharpe Ratio (or Efficiency) of -0.2011 which signifies that the organization had -0.2011% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Castex Technologies Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Castex Technologies Risk Adjusted Performance of (0.049842) and Mean Deviation of 2.94 to double-check risk estimate we provide.
Horizon     30 Days    Login   to change

Castex Technologies Market Sensitivity

As returns on market increase, Castex Technologies returns are expected to increase less than the market. However during bear market, the loss on holding Castex Technologies will be expected to be smaller as well.
2 Months Beta |Analyze Castex Technologies Demand Trend
Check current 30 days Castex Technologies correlation with market (DOW)
β = 0.2583

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 has beta of 0.2583 . This suggests as returns on market go up, Castex Technologies average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Castex Technologies Limited 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. Castex Technologies is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Castex Technologies is -497.22. The daily returns are destributed with a variance of 8.07 and standard deviation of 2.84. The mean deviation of Castex Technologies Limited is currently at 2.01. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
α
Alpha over DOW
=0.15
β
Beta against DOW=0.26
σ
Overall volatility
=2.84
Ir
Information ratio =0.05

Castex Technologies Return Volatility

the firm accepts 2.8413% volatility on return distribution over the 30 days horizon. the entity inherits 1.8781% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Castex Technologies Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Castex Technologies Investment Opportunity

Castex Technologies Limited has a volatility of 2.84 and is 1.51 times more volatile than DOW. 25% 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 25 (%) of all global equities and portfolios over the last 30 days. Use Castex Technologies Limited to protect your portfolios against small markets fluctuations. The stock experiences very speculative upward sentiment. Check odds of Castex Technologies to be traded at 1.0925 in 30 days. . As returns on market increase, Castex Technologies returns are expected to increase less than the market. However during bear market, the loss on holding Castex Technologies will be expected to be smaller as well.

Castex Technologies correlation with market

correlation synergy
Average 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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