Electrosteel Castings (India) Risk Analysis And Volatility

ELECTCAST -- India Stock  

INR 19.05  0.30  1.60%

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 Trend
Check current 30 days Electrosteel Castings correlation with market (DOW)
β = -0.0709

Electrosteel Castings Central Daily Price Deviation

Electrosteel Castings Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Electrosteel Castings Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.31
β
Beta against DOW=0.07
σ
Overall volatility
=2.64
Ir
Information ratio =0.15

Electrosteel Castings Return Volatility

the 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Electrosteel Castings Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Electrosteel Castings Investment Opportunity

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

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Electrosteel Castings Limited and equity matching DJI index in the same portfolio.

Electrosteel Castings Volatility Indicators

Electrosteel Castings Limited Current Risk Indicators

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