|Horizon||30 Days Login to change|
Shah Alloys Market Sensitivity
|As returns on market increase, Shah Alloys returns are expected to increase less than the market. However during bear market, the loss on holding Shah Alloys will be expected to be smaller as well.One Month Beta |Analyze Shah Alloys Limited Demand TrendCheck current 30 days Shah Alloys correlation with market (DOW)|
β = 0.13
Shah Alloys Limited Technical Analysis
Shah Alloys Projected Return Density Against MarketAssuming 30 trading days horizon, Shah Alloys has beta of 0.13 . This entails as returns on market go up, Shah Alloys average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Shah Alloys Limited will be expected to be much smaller as well. Additionally, Shah Alloys Limited 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
Shah Alloys Return VolatilityShah Alloys Limited accepts 2.7337% volatility on return distribution over the 30 days horizon. DOW inherits 0.4038% risk (volatility on return distribution) over the 30 days horizon.