Navkar Beta

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Navkar beta fundamental analysis lookup allows you to check this and other indicators for Navkar Limited 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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Navkar 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.
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current Navkar Limited Beta

1.53

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 the recently published financial statements Navkar Limited has Beta of 1.53. This is 11.68% higher than that of the Industrials sector and 4.79% higher than that of Integrated Shipping & Logistics industry. The beta for all India stocks is notably lower than that of the firm.

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Let's try to break down what Navkar's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Navkar will likely underperform.

Navkar Fundamentals



 
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