OnMobile Global (India) Risk Analysis And Volatility Evaluation

ONMOBILE -- India Stock  

INR 42.50  0.40  0.95%

We consider OnMobile Global not too volatile. OnMobile Global Limited maintains Sharpe Ratio (i.e. Efficiency) of 0.0334 which implies OnMobile Global Limited had 0.0334% 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. We have found twenty-one technical indicators for OnMobile Global Limited which you can use to evaluate future volatility of the company. Please check OnMobile Global Limited Risk Adjusted Performance of 0.0443 and Semi Deviation of 1.77 to confirm if risk estimate we provide are consistent with the epected return of 0.0683%.
Horizon     30 Days    Login   to change

OnMobile Global Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, OnMobile Global will likely underperform.
One Month Beta |Analyze OnMobile Global Limited Demand Trend
Check current 30 days OnMobile Global correlation with market (DOW)
β = 1.4804
OnMobile Global Large BetaOnMobile Global Limited Beta Legend

OnMobile Global Limited Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. OnMobile Global Limited 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, the stock has beta coefficient of 1.4804 . This implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, OnMobile Global will likely underperform. Additionally, OnMobile Global 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 OnMobile Global is 2990.06. The daily returns are destributed with a variance of 4.17 and standard deviation of 2.04. The mean deviation of OnMobile Global Limited is currently at 1.44. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45
α
Alpha over DOW
=0.08
β
Beta against DOW=1.48
σ
Overall volatility
=2.04
Ir
Information ratio =0.0004

OnMobile Global Return Volatility

OnMobile Global Limited accepts 2.0429% volatility on return distribution over the 30 days horizon. DOW inherits 0.4208% 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

Close to average

30 Days Economic Sensitivity

Totally responsive to market

Investment Outlook

OnMobile Global Investment Opportunity

OnMobile Global Limited has a volatility of 2.04 and is 4.86 times more volatile than DOW. 18% 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 18 (%) of all global equities and portfolios over the last 30 days. Use OnMobile Global Limited to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of OnMobile Global to be traded at 46.75 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, OnMobile Global will likely underperform.

OnMobile Global correlation with market

Weak 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 ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.
Search macroaxis.com