Macroaxis considers IndusInd Bank to be not too risky. IndusInd Bank Limited holds Efficiency (Sharpe) Ratio of -0.1115 which attests that the entity had -0.1115% 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. IndusInd Bank 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 IndusInd Bank Market Risk Adjusted Performance of 1.72 and Risk Adjusted Performance of
(0.27) to validate risk estimate we provide.
|Horizon||30 Days Login to change|
IndusInd Bank Market Sensitivity
|As returns on market increase, returns on owning IndusInd Bank are expected to decrease at a much smaller rate. During bear market, IndusInd Bank is likely to outperform the market. 2 Months Beta |Analyze IndusInd Bank Limited Demand TrendCheck current 30 days IndusInd Bank correlation with market (DOW)|
β = -0.1248
IndusInd Bank Central Daily Price Deviation
IndusInd Bank Limited Technical Analysis
IndusInd Bank Projected Return Density Against MarketAssuming 30 trading days horizon, IndusInd Bank Limited has beta of -0.1248 . This indicates as returns on benchmark increase, returns on holding IndusInd Bank are expected to decrease at a much smaller rate. During bear market, however, IndusInd Bank 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. IndusInd Bank Limited is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of IndusInd Bank is -896.49. The daily returns are destributed with a variance of 1.77 and standard deviation of 1.33. The mean deviation of IndusInd Bank Limited is currently at 0.99. For similar time horizon, the selected benchmark (DOW) has volatility of 1.74
|Alpha over DOW||=||0.18|
|Beta against DOW||=||0.12|
IndusInd Bank Return Volatilitythe corporation accepts 1.3289% volatility on return distribution over the 30 days horizon. the entity inherits 1.5638% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.56 and is 1.17 times more volatile than IndusInd Bank Limited. 12% of all equities and portfolios are less risky than IndusInd Bank. Compared to the overall equity markets, volatility of historical daily returns of IndusInd Bank Limited is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use IndusInd Bank Limited to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of IndusInd Bank to be traded at 1539.62 in 30 days. . As returns on market increase, returns on owning IndusInd Bank are expected to decrease at a much smaller rate. During bear market, IndusInd Bank is likely to outperform the market.
IndusInd Bank correlation with market