Energy Development (India) Risk Analysis And Volatility Evaluation

ENERGYDEV -- India Stock  

INR 10.70  0.10  0.94%

We consider Energy Development relatively volatile. Energy Development secures Sharpe Ratio (or Efficiency) of 0.0621 which denotes Energy Development had 0.0621% of return per unit of risk over the last 1 month. Our philosophy towards predicting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Energy Development Company Limited which you can use to evaluate future volatility of the firm. Please confirm Energy Development Coefficient Of Variation of 519.8, Mean Deviation of 4.6 and Downside Deviation of 6.18 to check if risk estimate we provide are consistent with the epected return of 0.1929%.
Horizon     30 Days    Login   to change

Energy Development Market Sensitivity

As returns on market increase, returns on owning Energy Development are expected to decrease at a much smaller rate. During bear market, Energy Development is likely to outperform the market.
One Month Beta |Analyze Energy Development Demand Trend
Check current 30 days Energy Development correlation with market (DOW)
β = -0.3391

Energy Development Central Daily Price Deviation

Energy Development Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Energy Development Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Energy Development Projected Return Density Against Market

Assuming 30 trading days horizon, Energy Development Company Limited has beta of -0.3391 suggesting as returns on benchmark increase, returns on holding Energy Development are expected to decrease at a much smaller rate. During bear market, however, Energy Development Company Limited is likely to outperform the market. In addition to that, Energy Development Company Limited has an alpha of 1.2863 implying that it can potentially generate 1.2863% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Energy Development is 1609.84. The daily returns are destributed with a variance of 9.65 and standard deviation of 3.11. The mean deviation of Energy Development Company Limited is currently at 2.25. For similar time horizon, the selected benchmark (DOW) has volatility of 1.24
α
Alpha over DOW
=1.29
β
Beta against DOW=0.34
σ
Overall volatility
=3.11
Ir
Information ratio =0.20

Energy Development Return Volatility

Energy Development Company Limited accepts 3.106% volatility on return distribution over the 30 days horizon. DOW inherits 1.3198% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Energy Development Volatility Factors

30 Days Market Risk

Relatively volatile

Chance of Distress in 24 months

Close to average

30 Days Economic Sensitivity

Almost neglects market trends

Investment Outlook

Energy Development Investment Opportunity

Energy Development Company Limited has a volatility of 3.11 and is 2.36 times more volatile than DOW. 28% of all equities and portfolios are less risky than Energy Development. Compared to the overall equity markets, volatility of historical daily returns of Energy Development Company Limited is lower than 28 (%) of all global equities and portfolios over the last 30 days. Use Energy Development Company Limited to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Energy Development to be traded at 11.77 in 30 days. As returns on market increase, returns on owning Energy Development are expected to decrease at a much smaller rate. During bear market, Energy Development is likely to outperform the market.

Energy Development correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Energy Development Company Lim and equity matching DJI index in the same portfolio.

Energy Development Volatility Indicators

Energy Development Company Limited Current Risk Indicators

Additionally see Investing Opportunities. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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