|Horizon||30 Days Login to change|
Zenith Birla Market Sensitivity
|As returns on market increase, returns on owning Zenith Birla are expected to decrease by larger amounts. On the other hand, during market turmoil, Zenith Birla is expected to significantly outperform it.One Month Beta |Analyze Zenith Birla Limited Demand TrendCheck current 30 days Zenith Birla correlation with market (DOW)|
β = -1.498
Zenith Birla Limited Technical Analysis
Zenith Birla Projected Return Density Against MarketAssuming 30 trading days horizon, Zenith Birla Limited has beta of -1.498 . This means as returns on its benchmark rise, returns on holding Zenith Birla Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Zenith Birla is expected to outperform its benchmark. Moreover, Zenith Birla Limited has an alpha of 0.1605 implying that it can potentially generate 0.1605% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Zenith Birla Return VolatilityZenith Birla Limited accepts 2.6493% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.