Zenith Healthcare (India) Risk Analysis And Volatility Evaluation

ZENITHHE -- India Stock  

INR 1.47  0.07  4.55%

Macroaxis considers Zenith Healthcare to be unknown risk. Zenith Healthcare shows Sharpe Ratio of -0.7293 which attests that Zenith Healthcare had -0.7293% of return per unit of risk over the last 1 month. Macroaxis philosophy 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. Zenith Healthcare exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Zenith Healthcare Market Risk Adjusted Performance of 1.73 and Mean Deviation of 1.01 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

Zenith Healthcare Market Sensitivity

As returns on market increase, returns on owning Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, Zenith Healthcare is likely to outperform the market.
One Month Beta |Analyze Zenith Healthcare Demand Trend
Check current 30 days Zenith Healthcare correlation with market (DOW)
β = -0.2042

Zenith Healthcare Central Daily Price Deviation

Zenith Healthcare Technical Analysis

Transformation
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Zenith Healthcare Projected Return Density Against Market

Assuming 30 trading days horizon, Zenith Healthcare Ltd has beta of -0.2042 . This means as returns on benchmark increase, returns on holding Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, however, Zenith Healthcare Ltd is likely to outperform the market. Additionally, Zenith Healthcare Ltd 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 Zenith Healthcare is -137.13. The daily returns are destributed with a variance of 6.76 and standard deviation of 2.6. The mean deviation of Zenith Healthcare Ltd is currently at 2.28. For similar time horizon, the selected benchmark (DOW) has volatility of 1.22
α
Alpha over DOW
=0.37
β
Beta against DOW=0.2
σ
Overall volatility
=2.60
Ir
Information ratio =0.17

Zenith Healthcare Return Volatility

Zenith Healthcare Ltd accepts 2.601% volatility on return distribution over the 30 days horizon. DOW inherits 1.1955% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Zenith Healthcare Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Zenith Healthcare Investment Opportunity

Zenith Healthcare Ltd has a volatility of 2.6 and is 2.17 times more volatile than DOW. 23% of all equities and portfolios are less risky than Zenith Healthcare. Compared to the overall equity markets, volatility of historical daily returns of Zenith Healthcare Ltd is lower than 23 (%) of all global equities and portfolios over the last 30 days. Use Zenith Healthcare Ltd to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Zenith Healthcare to be traded at 1.3965 in 30 days. As returns on market increase, returns on owning Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, Zenith Healthcare is likely to outperform the market.

Zenith Healthcare correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Zenith Healthcare Ltd and equity matching DJI index in the same portfolio.

Zenith Healthcare Volatility Indicators

Zenith Healthcare Ltd Current Risk Indicators

Zenith Healthcare Pair Correlation

Zenith Healthcare Suggested Diversification Pairs

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