|Horizon||30 Days Login to change|
Metkore Alloys Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Metkore Alloys will likely underperform.One Month Beta |Analyze Metkore Alloys Indus Demand TrendCheck current 30 days Metkore Alloys correlation with market (DOW)|
β = 5.9754
Metkore Alloys Indus Technical Analysis
Metkore Alloys Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 5.9754 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Metkore Alloys will likely underperform. Additionally, Metkore Alloys Industries 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
Metkore Alloys Return VolatilityMetkore Alloys Industries Limited accepts 6.956% volatility on return distribution over the 30 days horizon. DOW inherits 0.3625% risk (volatility on return distribution) over the 30 days horizon.