|Horizon||30 Days Login to change|
Zenith Birla Market Sensitivity
Zenith Birla Limited Technical Analysis
Zenith Birla Projected Return Density Against MarketAssuming 30 trading days horizon, Zenith Birla Limited has beta of -0.3637 . This means as returns on benchmark increase, returns on holding Zenith Birla are expected to decrease at a much smaller rate. During bear market, however, Zenith Birla Limited is likely to outperform the market. Moreover, Zenith Birla Limited has an alpha of 0.3683 implying that it can potentially generate 0.3683% excess return over DOW after adjusting for the inherited market risk (beta).
Zenith Birla Return VolatilityZenith Birla Limited accepts 2.0823% volatility on return distribution over the 30 days horizon. DOW inherits 1.1939% risk (volatility on return distribution) over the 30 days horizon.