|Horizon||30 Days Login to change|
Indian Oil Market Sensitivity
|As returns on market increase, returns on owning Indian Oil are expected to decrease at a much smaller rate. During bear market, Indian Oil is likely to outperform the market.One Month Beta |Analyze Indian Oil Limited Demand TrendCheck current 30 days Indian Oil correlation with market (DOW)|
β = -0.6061
Indian Oil Limited Technical Analysis
Indian Oil Projected Return Density Against MarketAssuming 30 trading days horizon, Indian Oil Corporation Limited has beta of -0.6061 . This indicates as returns on benchmark increase, returns on holding Indian Oil are expected to decrease at a much smaller rate. During bear market, however, Indian Oil Corporation Limited is likely to outperform the market. Additionally, Indian Oil Corporation 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
Indian Oil Return VolatilityIndian Oil Corporation Limited assumes 1.3646% volatility of returns over the 30 days investment horizon. DOW inherits 0.4208% risk (volatility on return distribution) over the 30 days horizon.