|Horizon||30 Days Login to change|
Pennar Engineered Market Sensitivity
Pennar Engineered Technical Analysis
Pennar Engineered Projected Return Density Against MarketAssuming 30 trading days horizon, Pennar Engineered Building Systems Limited has beta of -0.0283 . This implies as returns on benchmark increase, returns on holding Pennar Engineered are expected to decrease at a much smaller rate. During bear market, however, Pennar Engineered Building Systems Limited is likely to outperform the market. Moreover, Pennar Engineered Building Systems Limited has an alpha of 0.4338 implying that it can potentially generate 0.4338% excess return over DOW after adjusting for the inherited market risk (beta).
Pennar Engineered Return VolatilityPennar Engineered Building Systems Limited accepts 2.8303% volatility on return distribution over the 30 days horizon. DOW inherits 1.3198% risk (volatility on return distribution) over the 30 days horizon.