We consider Chaman Lal unknown risk. Chaman Lal Setia secures Sharpe Ratio (or Efficiency) of 0.0108 which signifies that the organization had 0.0108% of return per unit of standard deviation over the last 2 months. Our philosophy in 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 Chaman Lal Setia Exports Ltd which you can use to evaluate future volatility of the firm. Please confirm Chaman Lal Setia Mean Deviation of 1.73 and Risk Adjusted Performance of
(0.11) to double-check if risk estimate we provide are consistent with the epected return of 0.0261%.
|Horizon||30 Days Login to change|
Chaman Lal Market Sensitivity
|As returns on market increase, returns on owning Chaman Lal are expected to decrease at a much smaller rate. During bear market, Chaman Lal is likely to outperform the market. 2 Months Beta |Analyze Chaman Lal Setia Demand TrendCheck current 30 days Chaman Lal correlation with market (DOW)|
β = -0.0159
Chaman Lal Central Daily Price Deviation
Chaman Lal Setia Technical Analysis
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Chaman Lal Projected Return Density Against MarketAssuming 30 trading days horizon, Chaman Lal Setia Exports Ltd has beta of -0.0159 . This suggests as returns on benchmark increase, returns on holding Chaman Lal are expected to decrease at a much smaller rate. During bear market, however, Chaman Lal Setia Exports Ltd is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Chaman Lal Setia is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Chaman Lal is 9253.42. The daily returns are destributed with a variance of 5.85 and standard deviation of 2.42. The mean deviation of Chaman Lal Setia Exports Ltd is currently at 1.7. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.15|
|Beta against DOW||=||0.02|
Chaman Lal Return Volatilitythe enterprise accepts 2.4181% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
Chaman Lal Setia Exports Ltd has a volatility of 2.42 and is 1.27 times more volatile than DOW. 22% of all equities and portfolios are less risky than Chaman Lal. Compared to the overall equity markets, volatility of historical daily returns of Chaman Lal Setia Exports Ltd is lower than 22 (%) of all global equities and portfolios over the last 30 days. Use Chaman Lal Setia Exports Ltd to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Chaman Lal to be traded at 73.76 in 30 days. . As returns on market increase, returns on owning Chaman Lal are expected to decrease at a much smaller rate. During bear market, Chaman Lal is likely to outperform the market.
Chaman Lal correlation with market