OnMobile Global (India) Risk Analysis And Volatility Evaluation

ONMOBILE -- India Stock  

INR 42.80  0.35  0.81%

Macroaxis considers OnMobile Global to be unknown risk. OnMobile Global Limited maintains Sharpe Ratio (i.e. Efficiency) of -0.0368 which implies OnMobile Global Limited had -0.0368% of return per unit of volatility over the last 1 month. 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 Limited 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 Limited Risk Adjusted Performance of 0.0362 and Semi Deviation of 2.19 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 by larger amounts. On the other hand, during market turmoil, OnMobile Global is expected to significantly outperform it.
One Month Beta |Analyze OnMobile Global Limited Demand Trend
Check current 30 days OnMobile Global correlation with market (DOW)
β = -1.7641
OnMobile Global Large Negative BetaOnMobile Global Limited Beta Legend

OnMobile Global Limited Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

OnMobile Global Projected Return Density Against Market

Assuming 30 trading days horizon, OnMobile Global Limited has beta of -1.7641 . This implies as returns on its benchmark rise, returns on holding OnMobile Global Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, OnMobile Global is expected to outperform its benchmark. Moreover, OnMobile Global Limited has an alpha of 0.3251 implying that it can potentially generate 0.3251% 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 -2716.04. The daily returns are destributed with a variance of 5.22 and standard deviation of 2.29. The mean deviation of OnMobile Global Limited is currently at 1.62. For similar time horizon, the selected benchmark (DOW) has volatility of 0.38
α
Alpha over DOW
=0.33
β
Beta against DOW=1.76
σ
Overall volatility
=2.29
Ir
Information ratio =0.0298

OnMobile Global Return Volatility

OnMobile Global Limited accepts 2.2851% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

OnMobile Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

OnMobile Global Investment Opportunity

OnMobile Global Limited has a volatility of 2.29 and is 5.87 times more volatile than DOW. 20% 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 20 (%) of all global equities and portfolios over the last 30 days. Use OnMobile Global Limited to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of OnMobile Global to be traded at 41.94 in 30 days. As returns on market increase, returns on owning OnMobile Global are expected to decrease by larger amounts. On the other hand, during market turmoil, OnMobile Global is expected to significantly outperform it.

OnMobile Global correlation with market

Very 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 Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
Search macroaxis.com