Metkore Alloys (India) Risk Analysis And Volatility

METKORE -- India Stock  

INR 1.23  0.02  1.60%

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 Trend
Check current 30 days Metkore Alloys correlation with market (DOW)
β = -0.5479

Metkore Alloys Central Daily Price Deviation

Metkore Alloys Indus Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Metkore Alloys Indus Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Metkore Alloys Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.19
β
Beta against DOW=0.55
σ
Overall volatility
=2.20
Ir
Information ratio =0.14

Metkore Alloys Return Volatility

the 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Metkore Alloys Volatility Factors

60 Days Market Risk

Exceptionally risky

Chance of Distress in 24 months

High

60 Days Economic Sensitivity

Moves slightly opposite to market

Investment Outlook

Metkore Alloys Investment Opportunity

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

correlation synergy
Very good 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

Please see also Stocks Correlation. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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