Macroaxis considers IITL PROJECTS to be not very risky. IITL PROJECTS LIMITED holds Efficiency (Sharpe) Ratio of -0.3216 which attests that the entity had -0.3216% of return per unit of volatility over the last 2 months. Macroaxis approach 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. IITL PROJECTS 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 IITL PROJECTS Market Risk Adjusted Performance of 17.03 and Risk Adjusted Performance of
(0.53) to validate risk estimate we provide.
|Horizon||30 Days Login to change|
IITL PROJECTS Market Sensitivity
|As returns on market increase, returns on owning IITL PROJECTS are expected to decrease at a much smaller rate. During bear market, IITL PROJECTS is likely to outperform the market. 2 Months Beta |Analyze IITL PROJECTS LIMITED Demand TrendCheck current 30 days IITL PROJECTS correlation with market (DOW)|
β = -0.0324
IITL PROJECTS Central Daily Price Deviation
IITL PROJECTS LIMITED Technical Analysis
IITL PROJECTS Projected Return Density Against MarketAssuming 30 trading days horizon, IITL PROJECTS LIMITED has beta of -0.0324 . This indicates as returns on benchmark increase, returns on holding IITL PROJECTS are expected to decrease at a much smaller rate. During bear market, however, IITL PROJECTS LIMITED is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. IITL PROJECTS LIMITED is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of IITL PROJECTS is -310.96. The daily returns are destributed with a variance of 4.01 and standard deviation of 2.0. The mean deviation of IITL PROJECTS LIMITED is currently at 1.15. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.55|
|Beta against DOW||=||0.03|
IITL PROJECTS Return Volatilitythe corporation accepts 2.0027% volatility on return distribution over the 30 days horizon. the entity inherits 1.8781% risk (volatility on return distribution) over the 30 days horizon.
IITL PROJECTS LIMITED has a volatility of 2.0 and is 1.06 times more volatile than DOW. 18% of all equities and portfolios are less risky than IITL PROJECTS. Compared to the overall equity markets, volatility of historical daily returns of IITL PROJECTS LIMITED is lower than 18 (%) of all global equities and portfolios over the last 30 days. Use IITL PROJECTS LIMITED to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of IITL PROJECTS to be traded at 21.58 in 30 days. . As returns on market increase, returns on owning IITL PROJECTS are expected to decrease at a much smaller rate. During bear market, IITL PROJECTS is likely to outperform the market.
IITL PROJECTS correlation with market