Our philosophy towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Raj Rayon Industries which you can use to evaluate future volatility of the company. Please check Raj Rayon Industries Coefficient Of Variation of 853.32 and Risk Adjusted Performance of 0.2352 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Raj Rayon Market Sensitivity
|As returns on market increase, returns on owning Raj Rayon are expected to decrease at a much smaller rate. During bear market, Raj Rayon is likely to outperform the market. 2 Months Beta |Analyze Raj Rayon Industries Demand TrendCheck current 30 days Raj Rayon correlation with market (DOW)|
β = -0.1004
Raj Rayon Central Daily Price Deviation
Raj Rayon Industries Technical Analysis
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Raj Rayon Projected Return Density Against MarketAssuming 30 trading days horizon, Raj Rayon Industries Limited has beta of -0.1004 . This implies as returns on benchmark increase, returns on holding Raj Rayon are expected to decrease at a much smaller rate. During bear market, however, Raj Rayon Industries Limited is likely to outperform the market. Moreover, The company has an alpha of 0.9312 implying that it can potentially generate 0.9312% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.93|
|Beta against DOW||=||0.1|
Raj Rayon Return Volatilitythe corporation accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.9932% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.99 and is 9.223372036854776E16 times more volatile than Raj Rayon Industries Limited. 0% of all equities and portfolios are less risky than Raj Rayon. Compared to the overall equity markets, volatility of historical daily returns of Raj Rayon Industries Limited is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Raj Rayon Industries Limited to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Raj Rayon to be traded at 0.099 in 30 days. . As returns on market increase, returns on owning Raj Rayon are expected to decrease at a much smaller rate. During bear market, Raj Rayon is likely to outperform the market.
Raj Rayon correlation with market