As of 21 of January Lumax Industries secures Mean Deviation of 1.34 and Risk Adjusted Performance of
(0.005186). In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Lumax Industries as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for Lumax Industries which can be compared to its peers in the industry. Please verify Lumax Industries Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to decide if Lumax Industries Limited is priced some-what accurately providing market reflects its recent price of 1678.45 per share.
|Horizon||30 Days Login to change|
Lumax Industries Technical Analysis
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Lumax Industries Trend AnalysisUse this graph to draw trend lines for Lumax Industries Limited. You can use it to identify possible trend reversals for Lumax Industries as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Lumax Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Lumax Industries Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Lumax Industries Limited applied against its price change over selected period. The best fit line has a slop of 1.06 % which means Lumax Industries Limited will continue generating value for investors. It has 78 observation points and a regression sum of squares at 11201.24, which is the sum of squared deviations for the predicted Lumax Industries price change compared to its average price change.
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations when you add Lumax Industries Limited to your portfolio
|Risk Adjusted Performance||(0.005186)|
|Market Risk Adjusted Performance||(0.1)|
|Coefficient Of Variation||(45,214)|
|Total Risk Alpha||0.0386|
|Value At Risk||(3.44)|