Hind Rectifiers (India) Risk Analysis And Volatility Evaluation

HIRECT -- India Stock  

INR 121.95  0.35  0.29%

Macroaxis considers Hind Rectifiers to be not too risky. Hind Rectifiers Limited holds Efficiency (Sharpe) Ratio of -0.1902 which attests that Hind Rectifiers Limited had -0.1902% of return per unit of risk over the last 1 month. 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 Limited 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 0.042348 and Risk Adjusted Performance of 0.003425 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

Hind Rectifiers Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Hind Rectifiers will likely underperform.
One Month Beta |Analyze Hind Rectifiers Limited Demand Trend
Check current 30 days Hind Rectifiers correlation with market (DOW)
β = 1.5629
Hind Rectifiers Large BetaHind Rectifiers Limited Beta Legend

Hind Rectifiers Limited Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Hind Rectifiers Limited 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.

Hind Rectifiers Projected Return Density Against Market

Assuming 30 trading days horizon, the stock has beta coefficient of 1.5629 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Hind Rectifiers will likely underperform. Additionally, Hind Rectifiers Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Hind Rectifiers is -525.82. The daily returns are destributed with a variance of 6.71 and standard deviation of 2.59. The mean deviation of Hind Rectifiers Limited is currently at 1.96. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.31
β
Beta against DOW=1.56
σ
Overall volatility
=2.59
Ir
Information ratio =0.08

Hind Rectifiers Return Volatility

Hind Rectifiers Limited accepts 2.5905% volatility on return distribution over the 30 days horizon. DOW inherits 0.4303% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Hind Rectifiers Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Totally responsive to market

Investment Outlook

Hind Rectifiers Investment Opportunity

Hind Rectifiers Limited has a volatility of 2.59 and is 6.02 times more volatile than DOW. 23% 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 23 (%) of all global equities and portfolios over the last 30 days. Use Hind Rectifiers Limited to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Hind Rectifiers to be traded at 128.05 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Hind Rectifiers will likely underperform.

Hind Rectifiers correlation with market

Modest 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

Please also check Risk vs Return Analysis. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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