Macroaxis considers Pennar Engineered to be not too volatile. Pennar Engineered maintains Sharpe Ratio (i.e. Efficiency) of -0.2183 which implies the corporation had -0.2183% of return per unit of risk over the last 2 months. Macroaxis philosophy towards 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. Pennar Engineered exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Pennar Engineered Risk Adjusted Performance of
(0.11) and Coefficient Of Variation of (1,658) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Pennar Engineered Market Sensitivity
|As returns on market increase, returns on owning Pennar Engineered are expected to decrease at a much smaller rate. During bear market, Pennar Engineered is likely to outperform the market. 2 Months Beta |Analyze Pennar Engineered Demand TrendCheck current 30 days Pennar Engineered correlation with market (DOW)|
β = -0.4496
Pennar Engineered Central Daily Price Deviation
Pennar Engineered Technical Analysis
Pennar Engineered Projected Return Density Against MarketAssuming 30 trading days horizon, Pennar Engineered Building Systems Limited has beta of -0.4496 . 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. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Pennar Engineered is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Pennar Engineered is -458.07. The daily returns are destributed with a variance of 5.52 and standard deviation of 2.35. The mean deviation of Pennar Engineered Building Systems Limited is currently at 1.81. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.13|
|Beta against DOW||=||0.45|
Pennar Engineered Return Volatilitythe enterprise accepts 2.3487% volatility on return distribution over the 30 days horizon. the entity inherits 1.8873% risk (volatility on return distribution) over the 30 days horizon.
Pennar Engineered Building Systems Limited has a volatility of 2.35 and is 1.24 times more volatile than DOW. 21% of all equities and portfolios are less risky than Pennar Engineered. Compared to the overall equity markets, volatility of historical daily returns of Pennar Engineered Building Systems Limited is lower than 21 (%) of all global equities and portfolios over the last 30 days. Use Pennar Engineered Building Systems Limited to protect your portfolios against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Pennar Engineered to be traded at 50.83 in 30 days. . As returns on market increase, returns on owning Pennar Engineered are expected to decrease at a much smaller rate. During bear market, Pennar Engineered is likely to outperform the market.
Pennar Engineered correlation with market