|Horizon||30 Days Login to change|
Raj Rayon Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Raj Rayon will likely underperform.One Month Beta |Analyze Raj Rayon Industries Demand TrendCheck current 30 days Raj Rayon correlation with market (DOW)|
β = 5.7008
Raj Rayon Central Price Deviations
Raj Rayon Industries Technical Analysis
Raj Rayon Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 5.7008 . This implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Raj Rayon will likely underperform. Additionally, Raj Rayon Industries Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Raj Rayon Return VolatilityRaj Rayon Industries Limited accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.2145% risk (volatility on return distribution) over the 30 days horizon.