Zenith Healthcare (India) Risk Analysis And Volatility

ZENITHHE -- India Stock  

INR 2.52  0.13  4.91%

Macroaxis considers Zenith Healthcare to be extremely risky. Zenith Healthcare shows Sharpe Ratio of -0.1285 which attests that the company had -0.1285% of return per unit of risk over the last 2 months. 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 Downside Deviation of 1.89, Market Risk Adjusted Performance of (223.79) and Mean Deviation of 1.86 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.
2 Months Beta |Analyze Zenith Healthcare Demand Trend
Check current 30 days Zenith Healthcare correlation with market (DOW)
β = -0.0018

Zenith Healthcare Central Daily Price Deviation

Zenith Healthcare Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Zenith Healthcare Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Zenith Healthcare Projected Return Density Against Market

Assuming 30 trading days horizon, Zenith Healthcare Ltd has beta of -0.0018 . 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. Moreover, The company has an alpha of 0.403 implying that it can potentially generate 0.403% 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 Zenith Healthcare is -778.04. The daily returns are destributed with a variance of 5.13 and standard deviation of 2.26. The mean deviation of Zenith Healthcare Ltd is currently at 1.95. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
α
Alpha over DOW
=0.40
β
Beta against DOW=0.0018
σ
Overall volatility
=2.26
Ir
Information ratio =0.15

Zenith Healthcare Return Volatility

the entity accepts 2.2642% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Zenith Healthcare Volatility Factors

60 Days Market Risk

Extremely risky

Chance of Distress in 24 months

About average

60 Days Economic Sensitivity

Moves indifferently to market moves

Investment Outlook

Zenith Healthcare Investment Opportunity

Zenith Healthcare Ltd has a volatility of 2.26 and is 1.18 times more volatile than DOW. 20% 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 20 (%) of all global equities and portfolios over the last 30 days.

Zenith Healthcare Volatility Indicators

Zenith Healthcare Ltd Current Risk Indicators

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