Bajaj Healthcare Fundamental Trends Analysis

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The Drivers Module shows relationships between Bajaj Healthcare's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Bajaj Healthcare Limited over time as well as its relative position and ranking within its peers. Check out Trending Equities.

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Bajaj Healthcare Cash and Equivalents vs. Beta Fundamental Analysis

Bajaj Healthcare Limited is number one stock in beta category among related companies. It is number one stock in cash and equivalents category among related companies creating about  982,625,000  of Cash and Equivalents per Beta.
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.
Bajaj Healthcare 
Beta 
 = 
Covariance 
Variance 
=
0.08
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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Bajaj Healthcare 
Cash 
 = 
Bank Deposits 
+  
Liquidities 
=
78.61 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Bajaj Cash and Equivalents Comparison

Bajaj Fundamental Comparison

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