Our philosophy towards measuring 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 Sri Chakra Cement Limited which you can use to evaluate future volatility of the company. Please validate Sri Chakra Coefficient Of Variation of 625.44 and Risk Adjusted Performance of 0.3239 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Sri Chakra Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Sri Chakra will likely underperform. 2 Months Beta |Analyze Sri Chakra Cement Demand TrendCheck current 30 days Sri Chakra correlation with market (DOW)|
β = 6.8638
Sri Chakra Central Daily Price Deviation
Sri Chakra Cement Technical Analysis
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Sri Chakra Projected Return Density Against MarketAssuming 30 trading days horizon, the stock has beta coefficient of 6.8638 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Sri Chakra will likely underperform. In addition to that, Sri Chakra Cement Limited has an alpha of 10.839 implying that it can potentially generate 10.839% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||10.84|
|Beta against DOW||=||6.86|
Sri Chakra Return VolatilitySri Chakra Cement Limited accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 2.026% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 2.03 and is 9.223372036854776E16 times more volatile than Sri Chakra Cement Limited. 0% of all equities and portfolios are less risky than Sri Chakra. Compared to the overall equity markets, volatility of historical daily returns of Sri Chakra Cement Limited is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Sri Chakra Cement Limited to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Sri Chakra to be traded at 7.0 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Sri Chakra will likely underperform.
Sri Chakra correlation with market
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