Metkore Alloys (India) Risk Analysis And Volatility Evaluation

METKORE -- India Stock  

INR 1.86  0.02  1.09%

Metkore Alloys is unknown risk given 1 month investment horizon. Metkore Alloys Indus has Sharpe Ratio of 0.5774 which conveys that Metkore Alloys Indus had 0.5774% of return per unit of risk over the last 1 month. Our philosophy towards estimating volatility of a stock is to use Metkore Alloys Indus market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 4.0161% are justified by taking the suggested risk. Use Metkore Alloys Indus Downside Deviation of 8.78, Mean Deviation of 3.77 and Risk Adjusted Performance of 0.0124 to evaluate company specific risk that cannot be diversified away.
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 Trend
Check current 30 days Metkore Alloys correlation with market (DOW)
β = 5.9754
Metkore Alloys Large BetaMetkore Alloys Indus Beta Legend

Metkore Alloys Indus Technical Analysis

Transformation
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Metkore Alloys Projected Return Density Against Market

Assuming 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Metkore Alloys is 173.21. The daily returns are destributed with a variance of 48.39 and standard deviation of 6.96. The mean deviation of Metkore Alloys Industries Limited is currently at 5.35. For similar time horizon, the selected benchmark (DOW) has volatility of 0.37
α
Alpha over DOW
=0.43
β
Beta against DOW=5.98
σ
Overall volatility
=6.96
Ir
Information ratio =0.0065

Metkore Alloys Return Volatility

Metkore 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Metkore Alloys Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Metkore Alloys Investment Opportunity

Metkore Alloys Industries Limited has a volatility of 6.96 and is 19.33 times more volatile than DOW. 63% 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 higher than 63 (%) of all global equities and portfolios over the last 30 days. Use Metkore Alloys Industries Limited to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Metkore Alloys to be traded at 2.05 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Metkore Alloys will likely underperform.

Metkore Alloys correlation with market

Weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Metkore Alloys Industries Limi and equity matching DJI index in the same portfolio.

Metkore Alloys Volatility Indicators

Metkore Alloys Industries Limited Current Risk Indicators

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