OnMobile Global (India) Risk Analysis And Volatility

ONMOBILE -- India Stock  

INR 32.40  0.25  0.78%

Macroaxis considers OnMobile Global to be unknown risk. OnMobile Global maintains Sharpe Ratio (i.e. Efficiency) of -0.0405 which implies the corporation had -0.0405% of return per unit of volatility over the last 2 months. Macroaxis approach into forecasting 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. OnMobile Global exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check OnMobile Global Risk Adjusted Performance of (0.015345) to confirm risk estimate we provide.
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.
2 Months Beta |Analyze OnMobile Global Demand Trend
Check current 30 days OnMobile Global correlation with market (DOW)
β = -0.1973

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 Limited has beta of -0.1973 . 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. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. OnMobile Global is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of OnMobile Global is -2470.81. The daily returns are destributed with a variance of 21.23 and standard deviation of 4.61. The mean deviation of OnMobile Global Limited is currently at 2.55. For similar time horizon, the selected benchmark (DOW) has volatility of 1.74
α
Alpha over DOW
=0.01
β
Beta against DOW=0.2
σ
Overall volatility
=4.61
Ir
Information ratio =0.07

OnMobile Global Return Volatility

the business accepts 4.6081% volatility on return distribution over the 30 days horizon. the entity inherits 1.5638% 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 4.61 and is 2.96 times more volatile than DOW. 41% 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 41 (%) 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 35.64 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

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