Macroaxis considers Metkore Alloys to be exceptionally risky. Metkore Alloys Indus has Sharpe Ratio of -0.106 which conveys that the firm had -0.106% of return per unit of risk over the last 2 months. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Metkore Alloys exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Metkore Alloys Industries Limited Mean Deviation of 1.29 and Risk Adjusted Performance of
(0.18) to check out risk estimate we provide.
|Horizon||30 Days Login to change|
Metkore Alloys Market Sensitivity
|As returns on market increase, returns on owning Metkore Alloys are expected to decrease at a much smaller rate. During bear market, Metkore Alloys is likely to outperform the market. 2 Months Beta |Analyze Metkore Alloys Indus Demand TrendCheck current 30 days Metkore Alloys correlation with market (DOW)|
β = -0.5479
Metkore Alloys Central Daily Price Deviation
Metkore Alloys Indus Technical Analysis
Metkore Alloys Projected Return Density Against MarketAssuming 30 trading days horizon, Metkore Alloys Industries Limited has beta of -0.5479 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. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Metkore Alloys Indus is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Metkore Alloys is -943.63. The daily returns are destributed with a variance of 4.85 and standard deviation of 2.2. The mean deviation of Metkore Alloys Industries Limited is currently at 1.31. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.19|
|Beta against DOW||=||0.55|
Metkore Alloys Return Volatilitythe firm accepts 2.203% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
Metkore Alloys Industries Limited has a volatility of 2.2 and is 1.15 times more volatile than DOW. 20% of all equities and portfolios are less risky than Metkore Alloys. Compared to the overall equity markets, volatility of historical daily returns of Metkore Alloys Industries Limited is lower than 20 (%) of all global equities and portfolios over the last 30 days. Use Metkore Alloys Industries Limited to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Metkore Alloys to be traded at 1.1931 in 30 days. . As returns on market increase, returns on owning Metkore Alloys are expected to decrease at a much smaller rate. During bear market, Metkore Alloys is likely to outperform the market.
Metkore Alloys correlation with market