|Horizon||30 Days Login to change|
TPL Plastech Market Sensitivity
|As returns on market increase, TPL Plastech returns are expected to increase less than the market. However during bear market, the loss on holding TPL Plastech will be expected to be smaller as well.One Month Beta |Analyze TPL Plastech Limited Demand TrendCheck current 30 days TPL Plastech correlation with market (DOW)|
β = 0.4327
TPL Plastech Limited Technical Analysis
TPL Plastech Projected Return Density Against MarketAssuming 30 trading days horizon, TPL Plastech has beta of 0.4327 . This entails as returns on market go up, TPL Plastech average returns are expected to increase less than the benchmark. However during bear market, the loss on holding TPL Plastech Limited will be expected to be much smaller as well. Additionally, TPL Plastech Limited 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
TPL Plastech Return VolatilityTPL Plastech Limited accepts 3.2731% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.