Macroaxis considers Chambal Breweries to be unknown risk. Chambal Breweries secures Sharpe Ratio (or Efficiency) of -0.503 which signifies that Chambal Breweries had -0.503% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in 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. Chambal Breweries Distilleries Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chambal Breweries Mean Deviation of 1.66 and Risk Adjusted Performance of 0.112 to double-check risk estimate we provide.
|Horizon||30 Days Login to change|
Chambal Breweries Market Sensitivity
|As returns on market increase, returns on owning Chambal Breweries are expected to decrease at a much smaller rate. During bear market, Chambal Breweries is likely to outperform the market. 2 Months Beta |Analyze Chambal Breweries Demand TrendCheck current 30 days Chambal Breweries correlation with market (DOW)|
β = -0.2024
Chambal Breweries Central Daily Price Deviation
Chambal Breweries Technical Analysis
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Chambal Breweries Projected Return Density Against MarketAssuming 30 trading days horizon, Chambal Breweries Distilleries Ltd has beta of -0.2024 . This suggests as returns on benchmark increase, returns on holding Chambal Breweries are expected to decrease at a much smaller rate. During bear market, however, Chambal Breweries Distilleries Ltd is likely to outperform the market. Moreover, Chambal Breweries Distilleries Ltd has an alpha of 0.1198 implying that it can potentially generate 0.1198% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Chambal Breweries is -198.79. The daily returns are destributed with a variance of 3.88 and standard deviation of 1.97. The mean deviation of Chambal Breweries Distilleries Ltd is currently at 1.56. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
|Alpha over DOW||=||0.12|
|Beta against DOW||=||0.2|
Chambal Breweries Return VolatilityChambal Breweries Distilleries Ltd accepts 1.97% volatility on return distribution over the 30 days horizon. DOW inherits 2.0388% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 2.04 and is 1.04 times more volatile than Chambal Breweries Distilleries Ltd. 17% of all equities and portfolios are less risky than Chambal Breweries. Compared to the overall equity markets, volatility of historical daily returns of Chambal Breweries Distilleries Ltd is lower than 17 (%) of all global equities and portfolios over the last 30 days. Use Chambal Breweries Distilleries Ltd to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Chambal Breweries to be traded at 1.881 in 30 days. . As returns on market increase, returns on owning Chambal Breweries are expected to decrease at a much smaller rate. During bear market, Chambal Breweries is likely to outperform the market.
Chambal Breweries correlation with market