SP BSE (India) Performance

SB
BSE-POWER -- India Index  

 1,569  43.09  2.67%

The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. Let's try to break down what BSE-POWER's beta means in this case. the returns on MARKET and SP BSE are completely uncorrelated. Although it is essential to pay attention to SP BSE POWER existing price patterns, it is also good to be reasonable about what you can do with equity price patterns. Our approach towards measuring future performance of any index is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if SP BSE expected return of 1.91 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable.

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SP BSE Relative Risk vs. Return Landscape

If you would invest  135,432  in SP BSE POWER INDEX on June 12, 2020 and sell it today you would earn a total of  21,453  from holding SP BSE POWER INDEX or generate 15.84% return on investment over 30 days. SP BSE POWER INDEX is generating 1.91% of daily returns and assumes 3.6072% volatility on return distribution over the 30 days horizon. Simply put, 31% of equities are less volatile than SP BSE and 65% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 30 trading days horizon, SP BSE is expected to generate 2.01 times more return on investment than the market. However, the company is 2.01 times more volatile than its market benchmark. It trades about 0.53 of its potential returns per unit of risk. The DOW is currently generating roughly 0.1 per unit of risk.

SP BSE Market Risk Analysis

Sharpe Ratio = 0.5295
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SP BSE Performance Indicators

Estimated Market Risk
 3.61
  actual daily
 
 31 %
of total potential
 
3131
Expected Return
 1.91
  actual daily
 
 35 %
of total potential
 
3535
Risk-Adjusted Return
 0.53
  actual daily
 
 36 %
of total potential
 
3636
Based on monthly moving average SP BSE is performing at about 36% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SP BSE by adding it to a well-diversified portfolio.

About SP BSE Performance

To evaluate SP BSE POWER Index as a possible investment, you need to clearly understand its upside, downside potential, and overall future performance outlook. You may be satisfied when SP BSE generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare BSE-POWER's stock performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand SP BSE POWER stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents BSE-POWER's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section. Please also refer to our technical analysis and fundamental analysis pages.

SP BSE Alerts

Equity Alerts and Improvement Suggestions

SP BSE POWER is not yet fully synchronised with the market data
SP BSE POWER appears to be very risky and stock price may revert if volatility continues
Continue to Trending Equities. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page