Hind Rectifiers (India) Performance

HIRECT -- India Stock  

INR 124.10  1.80  1.43%

The company retains Market Volatility (i.e. Beta) of -0.3544 which attests that as returns on market increase, returns on owning Hind Rectifiers are expected to decrease at a much smaller rate. During bear market, Hind Rectifiers is likely to outperform the market. Even though it is essential to pay attention to Hind Rectifiers current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Hind Rectifiers exposes twenty-one different technical indicators which can help you to evaluate its performance. Hind Rectifiers has expected return of -0.4196%. Please be advised to check out Hind Rectifiers Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Hind Rectifiers past performance will be repeated at some point in the near future.
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Risk-Adjusted Performance

Over the last 30 days Hind Rectifiers Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in July 2019. The current disturbance may also be a sign of long term up-swing for the company investors.
Fifty Two Week Low95.90
Target High Price73.00
Fifty Two Week High165.00
Target Low Price73.00
Horizon     30 Days    Login   to change

Hind Rectifiers Relative Risk vs. Return Landscape

If you would invest  12,890  in Hind Rectifiers Limited on May 21, 2019 and sell it today you would lose (480.00)  from holding Hind Rectifiers Limited or give up 3.72% of portfolio value over 30 days. Hind Rectifiers Limited is generating negative expected returns and assumes 0.5191% volatility on return distribution over the 30 days horizon. Simply put, 4% of equities are less volatile than Hind Rectifiers and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Hind Rectifiers is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.55 times less risky than the market. the firm trades about -0.81 of its potential returns per unit of risk. The DOW is currently generating roughly 0.03 of returns per unit of risk over similar time horizon.

Hind Rectifiers Market Risk Analysis

Sharpe Ratio = -0.8083
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Hind Rectifiers Relative Performance Indicators

Estimated Market Risk
 0.52
  actual daily
 
 4 %
of total potential
 
44
Expected Return
 -0.42
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.81
  actual daily
 
 0 %
of total potential
 
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Based on monthly moving average Hind Rectifiers is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hind Rectifiers by adding it to a well-diversified portfolio.

Hind Rectifiers Alerts

Equity Alerts and Improvement Suggestions

Hind Rectifiers is not yet fully synchronised with the market data
Hind Rectifiers generates negative expected return over the last 30 days
Hind Rectifiers has accumulated 516.49 Million in debt which can lead to volatile earnings
Please also check Risk vs Return Analysis. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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