|TIDEWATER -- India Stock|| |
INR 5,066 24.10 0.47%
The entity has beta of -0.0293 which indicates as returns on market increase, returns on owning Tide Water are expected to decrease at a much smaller rate. During bear market, Tide Water is likely to outperform the market. Even though it is essential to pay attention to Tide Water Oil
current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards 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
. Tide Water Oil Co Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Tide Water Oil
has expected return of -0.184%. Please be advised to validate Tide Water Information Ratio
as well as the relationship
between Potential Upside
to decide if Tide Water Oil
past performance will be repeated at some point in the near future.
Tide Water Oil Relative Risk vs. Return Landscape
If you would invest 538,800
in Tide Water Oil Co Ltd on January 16, 2019
and sell it today you would lose (32,205)
from holding Tide Water Oil Co Ltd or give up 5.98%
of portfolio value over 30
days. Tide Water Oil Co Ltd is generating negative expected returns and assumes 0.7275% volatility on return distribution over the 30 days horizon. Simply put, 6% of equities are less volatile than Tide Water and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, Tide Water is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 2.61 times less risky than the market. the firm trades about -0.25 of its potential returns per unit of risk. The DOW is currently generating roughly 0.13 of returns per unit of risk over similar time horizon.
Tide Water Market Risk Analysis
Sharpe Ratio = -0.2529
Tide Water Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average Tide Water 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 Tide Water
by adding it to a well-diversified
Over the last 30 days Tide Water Oil Co Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.
|Fifty Two Week Low||4,866.10|
|Fifty Two Week High||6,975.00|
|Trailing Annual Dividend Yield||3.44%|
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