|Horizon||30 Days Login to change|
Electrosteel Castings Market Sensitivity
|As returns on market increase, returns on owning Electrosteel Castings are expected to decrease at a much smaller rate. During bear market, Electrosteel Castings is likely to outperform the market.One Month Beta |Analyze Electrosteel Castings Demand TrendCheck current 30 days Electrosteel Castings correlation with market (DOW)|
β = -0.8294
Electrosteel Castings Technical Analysis
Electrosteel Castings Projected Return Density Against MarketAssuming 30 trading days horizon, Electrosteel Castings Limited has beta of -0.8294 suggesting as returns on benchmark increase, returns on holding Electrosteel Castings are expected to decrease at a much smaller rate. During bear market, however, Electrosteel Castings Limited is likely to outperform the market. 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 1.5944% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.