|Horizon||30 Days Login to change|
Electrosteel Castings Market Sensitivity
|As returns on market increase, Electrosteel Castings returns are expected to increase less than the market. However during bear market, the loss on holding Electrosteel Castings will be expected to be smaller as well.One Month Beta |Analyze Electrosteel Castings Demand TrendCheck current 30 days Electrosteel Castings correlation with market (DOW)|
β = 0.5443
Electrosteel Castings Technical Analysis
Electrosteel Castings Projected Return Density Against MarketAssuming 30 trading days horizon, Electrosteel Castings has beta of 0.5443 suggesting as returns on market go up, Electrosteel Castings average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Electrosteel Castings Limited will be expected to be much smaller as well. Additionally, Electrosteel Castings 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
Electrosteel Castings Return VolatilityElectrosteel Castings Limited accepts 1.9749% volatility on return distribution over the 30 days horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.