WS Industries (India) Risk Analysis And Volatility Evaluation

WSI -- India Stock  

INR 4.20  0.00  0.00%

Macroaxis considers WS Industries to be unknown risk. WS Industries retains Efficiency (Sharpe Ratio) of -0.4719 which attests that WS Industries had -0.4719% of return per unit of price deviation over the last 1 month. Macroaxis approach towards determining 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. WS Industries exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WS Industries Standard Deviation of 3.65 and Market Risk Adjusted Performance of 0.254 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

WS Industries Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, WS Industries will likely underperform.
One Month Beta |Analyze WS Industries Demand Trend
Check current 30 days WS Industries correlation with market (DOW)
β = 1.9018
WS Industries Large BetaWS Industries Beta Legend

WS Industries Technical Analysis

Transformation
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WS Industries Projected Return Density Against Market

Assuming 30 trading days horizon, the stock has beta coefficient of 1.9018 . This means as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, WS Industries will likely underperform. Moreover, WS Industries has an alpha of 0.2892 implying that it can potentially generate 0.2892% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of WS Industries is -211.9. The daily returns are destributed with a variance of 28.79 and standard deviation of 5.37. The mean deviation of WS Industries is currently at 4.11. For similar time horizon, the selected benchmark (DOW) has volatility of 0.38
α
Alpha over DOW
=0.29
β
Beta against DOW=1.90
σ
Overall volatility
=5.37
Ir
Information ratio =0.10

WS Industries Return Volatility

WS Industries assumes 5.3659% volatility of returns over the 30 days investment horizon. DOW inherits 0.3625% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

WS Industries Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

WS Industries Investment Opportunity

WS Industries has a volatility of 5.37 and is 14.92 times more volatile than DOW. 48% of all equities and portfolios are less risky than WS Industries. Compared to the overall equity markets, volatility of historical daily returns of WS Industries is lower than 48 (%) of all global equities and portfolios over the last 30 days. Use WS Industries to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of WS Industries to be traded at 4.16 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, WS Industries will likely underperform.

WS Industries correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding WS Industries and equity matching DJI index in the same portfolio.

WS Industries Volatility Indicators

WS Industries Current Risk Indicators

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