|Horizon||30 Days Login to change|
Palram Industries Market Sensitivity
|As returns on market increase, returns on owning Palram Industries are expected to decrease at a much smaller rate. During bear market, Palram Industries is likely to outperform the market.One Month Beta |Analyze Palram Industries Demand TrendCheck current 30 days Palram Industries correlation with market (DOW)|
β = -0.1198
Palram Industries Technical Analysis
Palram Industries Projected Return Density Against MarketAssuming 30 trading days horizon, Palram Industries Ltd has beta of -0.1198 . This implies as returns on benchmark increase, returns on holding Palram Industries are expected to decrease at a much smaller rate. During bear market, however, Palram Industries Ltd is likely to outperform the market. Moreover, Palram Industries Ltd has an alpha of 0.1078 implying that it can potentially generate 0.1078% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Palram Industries Return VolatilityPalram Industries Ltd accepts 1.1811% volatility on return distribution over the 30 days horizon. DOW inherits 1.023% risk (volatility on return distribution) over the 30 days horizon.