OnMobile Global (India) Risk Analysis And Volatility Evaluation

ONMOBILE -- India Stock  

INR 34.40  0.90  2.55%

Macroaxis considers OnMobile Global not too volatile given 1 month investment horizon. OnMobile Global maintains Sharpe Ratio (i.e. Efficiency) of 0.3289 which implies OnMobile Global had 0.3289% of return per unit of volatility over the last 1 month. Our approach into forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By analyzing OnMobile Global technical indicators you can presently evaluate if the expected return of 0.5661% is justified by implied risk. Please employ OnMobile Global Risk Adjusted Performance of 0.1712 and Semi Deviation of 2.45 to confirm if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

OnMobile Global Market Sensitivity

As returns on market increase, returns on owning OnMobile Global are expected to decrease at a much smaller rate. During bear market, OnMobile Global is likely to outperform the market.
One Month Beta |Analyze OnMobile Global Demand Trend
Check current 30 days OnMobile Global correlation with market (DOW)
β = -0.3226

OnMobile Global Central Daily Price Deviation

OnMobile Global Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. OnMobile Global 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.

OnMobile Global Projected Return Density Against Market

Assuming 30 trading days horizon, OnMobile Global Limited has beta of -0.3226 . This implies as returns on benchmark increase, returns on holding OnMobile Global are expected to decrease at a much smaller rate. During bear market, however, OnMobile Global Limited is likely to outperform the market. Moreover, OnMobile Global Limited has an alpha of 0.388 implying that it can potentially generate 0.388% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of OnMobile Global is 304.05. The daily returns are destributed with a variance of 2.96 and standard deviation of 1.72. The mean deviation of OnMobile Global Limited is currently at 1.17. For similar time horizon, the selected benchmark (DOW) has volatility of 1.24
α
Alpha over DOW
=0.39
β
Beta against DOW=0.32
σ
Overall volatility
=1.72
Ir
Information ratio =0.15

OnMobile Global Return Volatility

OnMobile Global Limited accepts 1.7213% volatility on return distribution over the 30 days horizon. DOW inherits 1.3198% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

OnMobile Global Volatility Factors

30 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Almost neglects market trends

Investment Outlook

OnMobile Global Investment Opportunity

OnMobile Global Limited has a volatility of 1.72 and is 1.3 times more volatile than DOW. 15% of all equities and portfolios are less risky than OnMobile Global. Compared to the overall equity markets, volatility of historical daily returns of OnMobile Global Limited is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use OnMobile Global Limited to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of OnMobile Global to be traded at 33.02 in 30 days. As returns on market increase, returns on owning OnMobile Global are expected to decrease at a much smaller rate. During bear market, OnMobile Global is likely to outperform the market.

OnMobile Global correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding OnMobile Global Limited and equity matching DJI index in the same portfolio.

OnMobile Global Volatility Indicators

OnMobile Global Limited Current Risk Indicators

Additionally take a look at Your Equity Center. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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