Veto Switchgears (India) Risk Analysis And Volatility Evaluation

VETO -- India Stock  

INR 156.10  5.10  3.38%

Macroaxis considers Veto Switchgears to be not too risky. Veto Switchgears and owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1892 which indicates Veto Switchgears and had -0.1892% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. Veto Switchgears and Cables Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Veto Switchgears Coefficient Of Variation of 580.52 and Risk Adjusted Performance of 0.06 to confirm risk estimate we provide.
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 Trend
Check current 30 days Veto Switchgears correlation with market (DOW)
β = -0.0768
Veto Switchgears Almost negative betaVeto Switchgears and Beta Legend

Veto Switchgears and Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Veto Switchgears and Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Veto Switchgears Projected Return Density Against Market

Assuming 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Veto Switchgears is -528.44. The daily returns are destributed with a variance of 3.9 and standard deviation of 1.97. The mean deviation of Veto Switchgears and Cables Limited is currently at 1.53. For similar time horizon, the selected benchmark (DOW) has volatility of 0.37
α
Alpha over DOW
=0.33
β
Beta against DOW=0.08
σ
Overall volatility
=1.97
Ir
Information ratio =0.22

Veto Switchgears Return Volatility

Veto 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Veto Switchgears Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

30 Days Economic Sensitivity

Indifferent to market move

Investment Outlook

Veto Switchgears Investment Opportunity

Veto Switchgears and Cables Limited has a volatility of 1.97 and is 5.47 times more volatile than DOW. 17% of all equities and portfolios are less risky than Veto Switchgears. Compared to the overall equity markets, volatility of historical daily returns of Veto Switchgears and Cables Limited is lower than 17 (%) of all global equities and portfolios over the last 30 days. Use Veto Switchgears and Cables Limited to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Veto Switchgears to be traded at 187.32 in 30 days. 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.

Veto Switchgears correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Veto Switchgears and Cables Li and equity matching DJI index in the same portfolio.

Veto Switchgears Volatility Indicators

Veto Switchgears and Cables Limited Current Risk Indicators

Also please take a look at World Market Map. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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