|Horizon||30 Days Login to change|
Rimoni Industries Market Sensitivity
|As returns on market increase, returns on owning Rimoni Industries are expected to decrease at a much smaller rate. During bear market, Rimoni Industries is likely to outperform the market.One Month Beta |Analyze Rimoni Industries Demand TrendCheck current 30 days Rimoni Industries correlation with market (DOW)|
β = -0.1279
Rimoni Industries Technical Analysis
Rimoni Industries Projected Return Density Against MarketAssuming 30 trading days horizon, Rimoni Industries Ltd has beta of -0.1279 . This implies as returns on benchmark increase, returns on holding Rimoni Industries are expected to decrease at a much smaller rate. During bear market, however, Rimoni Industries Ltd is likely to outperform the market. Additionally, Rimoni Industries Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Rimoni Industries Return VolatilityRimoni Industries Ltd accepts 1.0612% volatility on return distribution over the 30 days horizon. DOW inherits 1.0565% risk (volatility on return distribution) over the 30 days horizon.