|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 = 1.6926
Raj Rayon Industries Technical Analysis
Raj Rayon Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 1.6926 . 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. In addition to that, Raj Rayon Industries Limited has an alpha of 2.7391 implying that it can potentially generate 2.7391% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Raj Rayon Return VolatilityRaj Rayon Industries Limited accepts 15.1764% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.