Macroaxis considers Vedanta Resources to be unknown risk. Vedanta Resources plc owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.5 which indicates Vedanta Resources plc had -0.5% of return per unit of risk over the last 2 months. 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. Vedanta Resources plc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vedanta Resources Coefficient Of Variation of
(2,016) and Risk Adjusted Performance of (0.07) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Vedanta Resources Market Sensitivity
|As returns on market increase, Vedanta Resources returns are expected to increase less than the market. However during bear market, the loss on holding Vedanta Resources will be expected to be smaller as well.2 Months Beta |Analyze Vedanta Resources plc Demand TrendCheck current 30 days Vedanta Resources correlation with market (DOW)|
β = 0.0031
Vedanta Resources Central Daily Price Deviation
Vedanta Resources plc Technical Analysis
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Vedanta Resources Projected Return Density Against MarketAssuming 30 trading days horizon, Vedanta Resources has beta of 0.0031 . This entails as returns on market go up, Vedanta Resources average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Vedanta Resources plc will be expected to be much smaller as well. Additionally, Vedanta Resources plc 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
Assuming 30 trading days horizon, the coefficient of variation of Vedanta Resources is -200.0. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.01. The mean deviation of Vedanta Resources plc is currently at 0.01. For similar time horizon, the selected benchmark (DOW) has volatility of 1.27
|Alpha over DOW||=||0.05|
|Beta against DOW||=||0.0031|
Vedanta Resources Return VolatilityVedanta Resources plc shows 0.0107% volatility of returns over 30 trading days. DOW inherits 1.2766% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.28 and is 128.0 times more volatile than Vedanta Resources plc. 0% of all equities and portfolios are less risky than Vedanta Resources. Compared to the overall equity markets, volatility of historical daily returns of Vedanta Resources plc is lower than 0 (%) of all global equities and portfolios over the last 30 days.