OnMobile Global (India) Risk Analysis And Volatility

ONMOBILE -- India Stock  

INR 37.45  0.55  1.45%

Macroaxis considers OnMobile Global unknown risk given 2 months investment horizon. OnMobile Global maintains Sharpe Ratio (i.e. Efficiency) of 0.1773 which implies the corporation had 0.1773% of return per unit of volatility over the last 2 months. 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 0.7225% is justified by implied risk. Please employ OnMobile Global Semi Deviation of 2.96 and Risk Adjusted Performance of 0.1979 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, OnMobile Global returns are expected to increase less than the market. However during bear market, the loss on holding OnMobile Global will be expected to be smaller as well.
2 Months Beta |Analyze OnMobile Global Demand Trend
Check current 30 days OnMobile Global correlation with market (DOW)
β = 0.1552

OnMobile Global Central Daily Price Deviation

OnMobile Global Technical Analysis

Transformation
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OnMobile Global Projected Return Density Against Market

Assuming 30 trading days horizon, OnMobile Global has beta of 0.1552 . This implies as returns on market go up, OnMobile Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding OnMobile Global Limited will be expected to be much smaller as well. Moreover, The company has an alpha of 0.3488 implying that it can potentially generate 0.3488% 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 564.03. The daily returns are destributed with a variance of 16.61 and standard deviation of 4.08. The mean deviation of OnMobile Global Limited is currently at 2.97. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
α
Alpha over DOW
=0.35
β
Beta against DOW=0.16
σ
Overall volatility
=4.08
Ir
Information ratio =0.08

OnMobile Global Return Volatility

the business accepts 4.0751% volatility on return distribution over the 30 days horizon. the entity inherits 1.8736% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

OnMobile Global Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

OnMobile Global Investment Opportunity

OnMobile Global Limited has a volatility of 4.08 and is 2.18 times more volatile than DOW. 37% 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 37 (%) of all global equities and portfolios over the last 30 days. Use OnMobile Global Limited to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of OnMobile Global to be traded at 36.33 in 30 days. . As returns on market increase, OnMobile Global returns are expected to increase less than the market. However during bear market, the loss on holding OnMobile Global will be expected to be smaller as well.

OnMobile Global correlation with market

correlation synergy
Significant 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

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