The entity has beta of -0.4966 which indicates as returns on market increase, returns on owning Telenav are expected to decrease at a much smaller rate. During bear market, Telenav is likely to outperform the market. Even though it is essential to pay attention to Telenav
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
. Telenav exposes twenty-eight different technical indicators which can help you to evaluate its performance. Telenav
has expected return of -0.4269%. Please be advised to validate Telenav Maximum Drawdown
as well as the relationship
between Expected Short fall
and Rate Of Daily Change
to decide if Telenav
past performance will be repeated at some point in the near future.
Over the last 30 days Telenav has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite unsteady performance in the last few months, the Stock's primary indicators remain fairly stable which may send shares a bit higher in October 2019. The continuing fuss may also be a sign of long-term up-swing for the venture directors.
|Fifty Two Week Low||3.35|
|Target High Price||7.50|
|Fifty Two Week High||11.67|
|Target Low Price||5.00|