SHRI RAM (India) Risk Analysis And Volatility Evaluation

SRIRAM-SM -- India Stock  

INR 12.90  0.55  4.09%

Macroaxis considers SHRI RAM to be unknown risk. SHRI RAM SWITCHGEA owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.7335 which indicates SHRI RAM SWITCHGEA had -0.7335% of return per unit of standard deviation over the last 1 month. Macroaxis approach into 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. SHRI RAM SWITCHGEA exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SHRI RAM Risk Adjusted Performance of 0.16 and Coefficient Of Variation of 291.32 to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

SHRI RAM Market Sensitivity

As returns on market increase, returns on owning SHRI RAM are expected to decrease at a much smaller rate. During bear market, SHRI RAM is likely to outperform the market.
One Month Beta |Analyze SHRI RAM SWITCHGEA Demand Trend
Check current 30 days SHRI RAM correlation with market (DOW)
β = -0.6507
SHRI RAM Almost negative betaSHRI RAM SWITCHGEA Beta Legend

SHRI RAM SWITCHGEA Technical Analysis

Transformation
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SHRI RAM Projected Return Density Against Market

Assuming 30 trading days horizon, SHRI RAM SWITCHGEA has beta of -0.6507 . This entails as returns on benchmark increase, returns on holding SHRI RAM are expected to decrease at a much smaller rate. During bear market, however, SHRI RAM SWITCHGEA is likely to outperform the market. Additionally, SHRI RAM SWITCHGEA 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of SHRI RAM is -136.33. The daily returns are destributed with a variance of 16.1 and standard deviation of 4.01. The mean deviation of SHRI RAM SWITCHGEA is currently at 3.19. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=2.22
β
Beta against DOW=0.65
σ
Overall volatility
=4.01
Ir
Information ratio =0.37

SHRI RAM Return Volatility

SHRI RAM SWITCHGEA accepts 4.0127% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

SHRI RAM Investment Opportunity

SHRI RAM SWITCHGEA has a volatility of 4.01 and is 8.91 times more volatile than DOW. 36% of all equities and portfolios are less risky than SHRI RAM. Compared to the overall equity markets, volatility of historical daily returns of SHRI RAM SWITCHGEA is lower than 36 (%) of all global equities and portfolios over the last 30 days. Use SHRI RAM SWITCHGEA to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of SHRI RAM to be traded at 12.26 in 30 days. As returns on market increase, returns on owning SHRI RAM are expected to decrease at a much smaller rate. During bear market, SHRI RAM is likely to outperform the market.

SHRI RAM correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SHRI RAM SWITCHGEA and equity matching DJI index in the same portfolio.

SHRI RAM Volatility Indicators

SHRI RAM SWITCHGEA Current Risk Indicators

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