|Horizon||30 Days Login to change|
Manomay Tex Market Sensitivity
Manomay Tex India Technical Analysis
Manomay Tex Projected Return Density Against MarketAssuming 30 trading days horizon, Manomay Tex India Limited has beta of -0.1731 indicating as returns on benchmark increase, returns on holding Manomay Tex are expected to decrease at a much smaller rate. During bear market, however, Manomay Tex India Limited is likely to outperform the market. Additionally, Manomay Tex India Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Manomay Tex Return VolatilityManomay Tex India Limited accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.1955% risk (volatility on return distribution) over the 30 days horizon.