Hind Rectifiers (India) Risk Analysis And Volatility

HIRECT -- India Stock  

INR 109.15  1.75  1.58%

Macroaxis considers Hind Rectifiers to be unknown risk. Hind Rectifiers holds Efficiency (Sharpe) Ratio of -0.1251 which attests that the entity had -0.1251% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining 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. Hind Rectifiers exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hind Rectifiers Market Risk Adjusted Performance of (0.29), Risk Adjusted Performance of 0.0736 and Downside Deviation of 3.98 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

Hind Rectifiers Market Sensitivity

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.
2 Months Beta |Analyze Hind Rectifiers Demand Trend
Check current 30 days Hind Rectifiers correlation with market (DOW)
β = -0.4344

Hind Rectifiers Central Daily Price Deviation

Hind Rectifiers Technical Analysis

Transformation
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Hind Rectifiers Projected Return Density Against Market

Assuming 30 trading days horizon, Hind Rectifiers Limited has beta of -0.4344 . This indicates as returns on benchmark increase, returns on holding Hind Rectifiers are expected to decrease at a much smaller rate. During bear market, however, Hind Rectifiers Limited is likely to outperform the market. Moreover, The company has an alpha of 0.1631 implying that it can potentially generate 0.1631% 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 Hind Rectifiers is -799.34. The daily returns are destributed with a variance of 17.1 and standard deviation of 4.13. The mean deviation of Hind Rectifiers Limited is currently at 2.54. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
α
Alpha over DOW
=0.16
β
Beta against DOW=0.43
σ
Overall volatility
=4.13
Ir
Information ratio =0.0163

Hind Rectifiers Return Volatility

the company accepts 4.1347% volatility on return distribution over the 30 days horizon. the entity inherits 1.9256% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Hind Rectifiers Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Hind Rectifiers Investment Opportunity

Hind Rectifiers Limited has a volatility of 4.13 and is 2.14 times more volatile than DOW. 37% of all equities and portfolios are less risky than Hind Rectifiers. Compared to the overall equity markets, volatility of historical daily returns of Hind Rectifiers Limited is lower than 37 (%) of all global equities and portfolios over the last 30 days. Use Hind Rectifiers Limited to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Hind Rectifiers to be traded at 105.88 in 30 days. . 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.

Hind Rectifiers correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Hind Rectifiers Limited and equity matching DJI index in the same portfolio.

Hind Rectifiers Volatility Indicators

Hind Rectifiers Limited Current Risk Indicators

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