MAANALU Beta

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MAAN ALUMINIUM beta fundamental analysis lookup allows you to check this and other indicators for MAAN ALUMINIUM LTD or any other equity instrument. You can also select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please continue to Equity Screeners to view more equity screening tools

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MAANALU Beta Analysis

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Maan Aluminium Limited manufactures and trades in aluminum profiles and other products in India. Maan Aluminium Limited was founded in 1989 and is based in New Delhi, India. MAAN ALUMINIUM operates under Aluminum classification in India and is traded on Bombay Stock Exchange.
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Covariance 
Variance 
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Current MAAN ALUMINIUM LTD Beta

2.39

About Beta

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.Compare to competition
In accordance with recently published financial statements MAAN ALUMINIUM LTD has Beta of 2.39. This is 174.71% higher than that of the Basic Materials sector, and 70.71% higher than that of Aluminum industry, The Beta for all stocks is 1693.33% lower than the firm.

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As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, MAAN ALUMINIUM will likely underperform.

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