|Horizon||30 Days Login to change|
Veto Switchgears Market Sensitivity
|As returns on market increase, returns on owning Veto Switchgears are expected to decrease at a much smaller rate. During bear market, Veto Switchgears is likely to outperform the market.One Month Beta |Analyze Veto Switchgears and Demand TrendCheck current 30 days Veto Switchgears correlation with market (DOW)|
β = -0.0768
Veto Switchgears and Technical Analysis
Veto Switchgears Projected Return Density Against MarketAssuming 30 trading days horizon, Veto Switchgears and Cables Limited has beta of -0.0768 . This entails as returns on benchmark increase, returns on holding Veto Switchgears are expected to decrease at a much smaller rate. During bear market, however, Veto Switchgears and Cables Limited is likely to outperform the market. Additionally, Veto Switchgears and Cables 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
Veto Switchgears Return VolatilityVeto Switchgears and Cables Limited accepts 1.9743% volatility on return distribution over the 30 days horizon. DOW inherits 0.3625% risk (volatility on return distribution) over the 30 days horizon.