|Horizon||30 Days Login to change|
Metkore Alloys Market Sensitivity
Metkore Alloys Indus Technical Analysis
Metkore Alloys Projected Return Density Against MarketAssuming 30 trading days horizon, Metkore Alloys Industries Limited has beta of -0.2183 indicating as returns on benchmark increase, returns on holding Metkore Alloys are expected to decrease at a much smaller rate. During bear market, however, Metkore Alloys Industries Limited is likely to outperform the market. Moreover, Metkore Alloys Industries Limited has an alpha of 0.2715 implying that it can potentially generate 0.2715% excess return over DOW after adjusting for the inherited market risk (beta).
Metkore Alloys Return VolatilityMetkore Alloys Industries Limited accepts 2.2101% volatility on return distribution over the 30 days horizon. DOW inherits 1.3198% risk (volatility on return distribution) over the 30 days horizon.