Macroaxis considers Electrosteel Castings to be unknown risk. Electrosteel Castings secures Sharpe Ratio (or Efficiency) of -0.119 which denotes the organization had -0.119% of return per unit of risk over the last 2 months. Macroaxis philosophy towards predicting 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. Electrosteel Castings Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Electrosteel Castings Coefficient Of Variation of
(819.80) and Mean Deviation of 1.58 to check risk estimate we provide.
|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. 2 Months Beta |Analyze Electrosteel Castings Demand TrendCheck current 30 days Electrosteel Castings correlation with market (DOW)|
β = -0.0709
Electrosteel Castings Central Daily Price Deviation
Electrosteel Castings Technical Analysis
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Electrosteel Castings Projected Return Density Against MarketAssuming 30 trading days horizon, Electrosteel Castings Limited has beta of -0.0709 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, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Electrosteel Castings is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Electrosteel Castings is -840.19. The daily returns are destributed with a variance of 6.97 and standard deviation of 2.64. The mean deviation of Electrosteel Castings Limited is currently at 1.58. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.31|
|Beta against DOW||=||0.07|
Electrosteel Castings Return Volatilitythe company accepts 2.6406% volatility on return distribution over the 30 days horizon. the entity inherits 1.8419% risk (volatility on return distribution) over the 30 days horizon.
Electrosteel Castings Limited has a volatility of 2.64 and is 1.43 times more volatile than DOW. 24% of all equities and portfolios are less risky than Electrosteel Castings. Compared to the overall equity markets, volatility of historical daily returns of Electrosteel Castings Limited is lower than 24 (%) of all global equities and portfolios over the last 30 days. Use Electrosteel Castings Limited to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Electrosteel Castings to be traded at 20.96 in 30 days. . 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.
Electrosteel Castings correlation with market