SHREE Volatility

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SSWRL -- India Stock  

INR 12.00  0.00  0.00%

Macroaxis considers SHREE STEEL to be somewhat reliable. SHREE STEEL WIRE owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3425, which indicates the firm had -0.3425% of return per unit of standard deviation over the last 3 months. 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. SHREE STEEL WIRE exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SHREE STEEL Coefficient Of Variation of 6879.88 and Risk Adjusted Performance of 0.0623 to confirm the risk estimate we provide.

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SHREE STEEL Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of SHREE daily returns, and it is calculated using variance and standard deviation. We also use SHREE's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of SHREE STEEL volatility.

90 Days Market Risk

Somewhat reliable

Chance of Distress

Very Small

90 Days Economic Sensitivity

Almost neglects market trends

SHREE STEEL Market Sensitivity

As returns on market increase, returns on owning SHREE STEEL are expected to decrease at a much smaller rate. During bear market, SHREE STEEL is likely to outperform the market.
3 Months Beta |Analyze SHREE STEEL WIRE Demand Trend
Check current 30 days SHREE STEEL correlation with market (DOW)
β = -0.2621

SHREE STEEL Central Daily Price Deviation

SHREE STEEL WIRE Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. SHREE STEEL WIRE Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

SHREE STEEL Projected Return Density Against Market

Assuming 30 trading days horizon, SHREE STEEL WIRE has beta of -0.2621 . This entails as returns on benchmark increase, returns on holding SHREE STEEL are expected to decrease at a much smaller rate. During bear market, however, SHREE STEEL WIRE is likely to outperform the market. Moreover, The company has an alpha of 0.0237 implying that it can potentially generate 0.0237% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of SHREE STEEL is -291.93. The daily returns are destributed with a variance of 9.98 and standard deviation of 3.16. The mean deviation of SHREE STEEL WIRE is currently at 2.31. For similar time horizon, the selected benchmark (DOW) has volatility of 4.07
α
Alpha over DOW
=0.0237
β
Beta against DOW=-0.26
σ
Overall volatility
=3.16
Ir
Information ratio =0.0463

SHREE STEEL Return Volatility

the company accepts 3.1594% volatility on return distribution over the 30 days horizon. the entity inherits 4.1294% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About SHREE STEEL Volatility

Volatility is a rate at which the price of SHREE STEEL or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of SHREE STEEL may increase or decrease. In other words, similar to SHREE's beta indicator, it measures the risk of SHREE STEEL and helps estimate the fluctuations that may happen in a short period of time. So if prices of SHREE STEEL fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

SHREE STEEL Investment Opportunity

DOW has a standard deviation of returns of 4.13 and is 1.31 times more volatile than SHREE STEEL WIRE. 27  of all equities and portfolios are less risky than SHREE STEEL. Compared to the overall equity markets, volatility of historical daily returns of SHREE STEEL WIRE is lower than 27 () of all global equities and portfolios over the last 30 days. Use SHREE STEEL WIRE to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of SHREE STEEL to be traded at 11.88 in 30 days. . As returns on market increase, returns on owning SHREE STEEL are expected to decrease at a much smaller rate. During bear market, SHREE STEEL is likely to outperform the market.

SHREE STEEL correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SHREE STEEL WIRE ROPES LTD and equity matching DJI index in the same portfolio.

SHREE STEEL Current Risk Indicators

SHREE STEEL Suggested Diversification Pairs

Additionally, take a look at World Market Map. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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