|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 TrendCheck current 30 days Hind Rectifiers correlation with market (DOW)|
β = 1.5629
Hind Rectifiers Limited Technical Analysis
Hind Rectifiers Projected Return Density Against MarketAssuming 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
Hind Rectifiers Return VolatilityHind 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.