Macroaxis considers T T to be unknown risk. T T Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0076 which indicates T T Limited had -0.0076% of return per unit of standard deviation over the last 2 months. Macroaxis way of 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. T T Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate T T Risk Adjusted Performance of 0.1605, Market Risk Adjusted Performance of 3.23 and Downside Deviation of 3.16 to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
T T Market Sensitivity
|As returns on market increase, T T returns are expected to increase less than the market. However during bear market, the loss on holding T T will be expected to be smaller as well. 2 Months Beta |Analyze T T Limited Demand TrendCheck current 30 days T T correlation with market (DOW)|
β = 0.0806
T T Central Daily Price Deviation
T T Limited Technical Analysis
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T T Projected Return Density Against MarketAssuming 30 trading days horizon, T T has beta of 0.0806 . This entails as returns on market go up, T T average returns are expected to increase less than the benchmark. However during bear market, the loss on holding T T Limited will be expected to be much smaller as well. Moreover, T T Limited has an alpha of 0.2741 implying that it can potentially generate 0.2741% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of T T is -13191.85. The daily returns are destributed with a variance of 8.03 and standard deviation of 2.83. The mean deviation of T T Limited is currently at 1.93. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
|Alpha over DOW||=||0.27|
|Beta against DOW||=||0.08|
T T Return VolatilityT T Limited assumes 2.8333% volatility of returns over the 30 days investment horizon. DOW inherits 2.026% risk (volatility on return distribution) over the 30 days horizon.
T T Limited has a volatility of 2.83 and is 1.39 times more volatile than DOW. 25% of all equities and portfolios are less risky than T T. Compared to the overall equity markets, volatility of historical daily returns of T T Limited is lower than 25 (%) of all global equities and portfolios over the last 30 days. Use T T Limited to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of T T to be traded at 64.15 in 30 days. . As returns on market increase, T T returns are expected to increase less than the market. However during bear market, the loss on holding T T will be expected to be smaller as well.
T T correlation with market