SHREE Stock Performance

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SSWRL -- India Stock  

INR 14.58  0.69  4.97%

The entity has a beta of 0.3567, which indicates as returns on market increase, SHREE STEEL returns are expected to increase less than the market. However, during bear market, the loss on holding SHREE STEEL will be expected to be smaller as well. Even though it is essential to pay attention to SHREE STEEL WIRE current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis approach into measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SHREE STEEL WIRE exposes twenty-one different technical indicators, which can help you to evaluate its performance. SHREE STEEL WIRE has an expected return of -0.3575%. Please be advised to validate SHREE STEEL Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if SHREE STEEL WIRE stock performance from the past will be repeated at future time.

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SHREE STEEL Risk-Adjusted Performance

Over the last 30 days SHREE STEEL WIRE has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in July 2020. The current disturbance may also be a sign of long term up-swing for the company investors.
Fifty Two Week Low9.73
Fifty Two Week High19.58

SHREE STEEL Relative Risk vs. Return Landscape

If you would invest  1,770  in SHREE STEEL WIRE on May 6, 2020 and sell it today you would lose (312.00)  from holding SHREE STEEL WIRE or give up 17.63% of portfolio value over 30 days. SHREE STEEL WIRE is generating negative expected returns and assumes 3.5832% volatility on return distribution over the 30 days horizon. Simply put, 31% of equities are less volatile than SHREE STEEL and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, SHREE STEEL is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.08 times less risky than the market. the firm trades about -0.1 of its potential returns per unit of risk. The DOW is currently generating roughly 0.07 of returns per unit of risk over similar time horizon.

SHREE STEEL Market Risk Analysis

Sharpe Ratio = -0.0998
Good Returns
Average Returns
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Negative ReturnsSSWRL

SHREE STEEL Stock Performance Indicators

Estimated Market Risk
  actual daily
 31 %
of total potential
Expected Return
  actual daily
 0 %
of total potential
Risk-Adjusted Return
  actual daily
 0 %
of total potential
Based on monthly moving average SHREE STEEL is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SHREE STEEL by adding it to a well-diversified portfolio.

About SHREE STEEL Performance

To evaluate SHREE STEEL WIRE Stock as a possible investment, you need to clearly understand its upside, downside potential, and overall future performance outlook. You may be satisfied when SHREE STEEL is generating a 10% return over the last few months, but what if the market is generating 20% over the same period? In this case, it makes sense to compare SHREE's stock performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand SHREE STEEL WIRE stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents SHREE's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section. Please also refer to our technical analysis and fundamental analysis pages.
Shree Steel Wire Ropes Limited manufactures and sells wire rope and wire rope allied products primarily in India. Shree Steel Wire Ropes Limited was founded in 1972 and is based in Mumbai, India. SHREE STEEL operates under Steel classification in India and is traded on Bombay Stock Exchange.


Equity Alerts and Improvement Suggestions

SHREE STEEL WIRE generates negative expected return over the last 30 days
SHREE STEEL WIRE has high historical volatility and very poor performance
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page