Macroaxis considers Sri Chakra to be unknown risk. Sri Chakra Cement owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.5 which indicates the firm had -0.5% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Sri Chakra Cement Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Sri Chakra Coefficient Of Variation of 430.29 and Risk Adjusted Performance of 0.1934 to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Sri Chakra Market Sensitivity
|As returns on market increase, returns on owning Sri Chakra are expected to decrease by larger amounts. On the other hand, during market turmoil, Sri Chakra is expected to significantly outperform it. 2 Months Beta |Analyze Sri Chakra Cement Demand TrendCheck current 30 days Sri Chakra correlation with market (DOW)|
β = -20.4404
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, Sri Chakra Cement Limited has beta of -20.4404 . This entails as returns on its benchmark rise, returns on holding Sri Chakra Cement Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Sri Chakra is expected to outperform its benchmark. In addition to that, The company has an alpha of 15.2282 implying that it can potentially generate 15.2282% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density