VIKAS Stock Performance

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VIKASWSP -- India Stock  

INR 6.65  0.30  4.72%

VIKAS WSP holds a performance score of 11 on a scale of zero to a hundred. The entity has a beta of -0.5926, which indicates possible diversification benefits within a given portfolio. Let's try to break down what VIKAS's beta means in this case. As returns on the market increase, returns on owning VIKAS WSP are expected to decrease at a much lower rate. During the bear market, VIKAS WSP is likely to outperform the market. Although it is vital to follow to VIKAS WSP current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. Our approach into measuring future performance of any stock 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 VIKAS WSP expected return of 1.09 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. Use VIKAS WSP standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to analyze future returns on VIKAS WSP.

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VIKAS WSP Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in VIKAS WSP are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively weak forward-looking signals, VIKAS WSP reported solid returns over the last few months and may actually be approaching a breakup point.
Quick Ratio1.12
Fifty Two Week Low3.65
Fifty Two Week High13.40

VIKAS WSP Relative Risk vs. Return Landscape

If you would invest  415.00  in VIKAS WSP on June 4, 2020 and sell it today you would earn a total of  250.00  from holding VIKAS WSP or generate 60.24% return on investment over 30 days. VIKAS WSP is generating 1.0902% of daily returns and assumes 6.3769% volatility on return distribution over the 30 days horizon. Simply put, 55% of equities are less volatile than VIKAS WSP and 80% 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, VIKAS WSP is expected to generate 3.48 times more return on investment than the market. However, the company is 3.48 times more volatile than its market benchmark. It trades about 0.17 of its potential returns per unit of risk. The DOW is currently generating roughly 0.12 per unit of risk.

VIKAS WSP Market Risk Analysis

Sharpe Ratio = 0.171
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VIKAS WSP Stock Performance Indicators

Estimated Market Risk
  actual daily
 55 %
of total potential
Expected Return
  actual daily
 20 %
of total potential
Risk-Adjusted Return
  actual daily
 11 %
of total potential
Based on monthly moving average VIKAS WSP is performing at about 11% 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 VIKAS WSP by adding it to a well-diversified portfolio.

About VIKAS WSP Performance

To evaluate VIKAS WSP Stock as a possible investment, you need to clearly understand its upside, downside potential, and overall future performance outlook. You may be satisfied when VIKAS WSP 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 VIKAS'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 VIKAS WSP 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 VIKAS'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.
Vikas WSP Limited manufactures and exports guar gum powder in India, the United States, Europe, and internationally. Vikas WSP Limited was founded in 1988 and is based in Sri Ganganagar, India. VIKAS WSP operates under Specialty Chemicals classification in India and is traded on National Stock Exchange of India.


Equity Alerts and Improvement Suggestions

VIKAS WSP appears to be very risky and stock price may revert if volatility continues
VIKAS WSP has high likelihood to experience some financial distress in the next 2 years
About 34.0% of the company outstanding shares are owned by insiders
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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