Zenith Healthcare (India) Risk Analysis And Volatility Evaluation

ZENITHHE -- India Stock  

INR 1.87  0.06  3.11%

We consider Zenith Healthcare extremely volatile. Zenith Healthcare shows Sharpe Ratio of 0.0138 which attests that Zenith Healthcare had 0.0138% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Zenith Healthcare which you can use to evaluate future volatility of the organization. Please check out Zenith Healthcare Market Risk Adjusted Performance of 8.23 and Mean Deviation of 2.19 to validate if risk estimate we provide are consistent with the epected return of 0.0408%.
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 = -0.1521
Zenith Healthcare Almost negative betaZenith Healthcare Beta Legend

Zenith Healthcare Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. 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 -0.1521 . 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. In addition to that, Zenith Healthcare Ltd has an alpha of 1.2788 implying that it can potentially generate 1.2788% 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 7240.34. The daily returns are destributed with a variance of 8.72 and standard deviation of 2.95. The mean deviation of Zenith Healthcare Ltd is currently at 2.36. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45
α
Alpha over DOW
=1.28
β
Beta against DOW=0.15
σ
Overall volatility
=2.95
Ir
Information ratio =0.44

Zenith Healthcare Return Volatility

Zenith Healthcare Ltd accepts 2.9537% volatility on return distribution over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Zenith Healthcare Volatility Factors

30 Days Market Risk

Extremely volatile

Chance of Distress in 24 months

About average

30 Days Economic Sensitivity

Indifferent to market move

Investment Outlook

Zenith Healthcare Investment Opportunity

Zenith Healthcare Ltd has a volatility of 2.95 and is 7.02 times more volatile than DOW. 26% 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 26 (%) of all global equities and portfolios over the last 30 days. Use Zenith Healthcare Ltd to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Zenith Healthcare to be traded at 1.7952 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

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

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