|Horizon||30 Days Login to change|
Manomay Tex Market Sensitivity
|As returns on market increase, Manomay Tex returns are expected to increase less than the market. However during bear market, the loss on holding Manomay Tex will be expected to be smaller as well.One Month Beta |Analyze Manomay Tex India Demand TrendCheck current 30 days Manomay Tex correlation with market (DOW)|
β = 0.4374
Manomay Tex India Technical Analysis
Manomay Tex Projected Return Density Against MarketAssuming 30 trading days horizon, Manomay Tex has beta of 0.4374 indicating as returns on market go up, Manomay Tex average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Manomay Tex India Limited will be expected to be much smaller as well. 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
Predicted Return Density
Manomay Tex Return VolatilityManomay Tex India Limited accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.3625% risk (volatility on return distribution) over the 30 days horizon.