OMNITEX Volatility

OI
514324 -- India Stock  

INR 17.00  0.00  0.00%

Our approach towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for OMNITEX INDUSTRIES LTD, which you can use to evaluate future volatility of the company. Please check OMNITEX INDUSTRIES LTD Risk Adjusted Performance of 0.7283 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.

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OMNITEX INDUSTRIES Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of OMNITEX daily returns, and it is calculated using variance and standard deviation. We also use OMNITEX's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of OMNITEX INDUSTRIES volatility.

OMNITEX INDUSTRIES Market Sensitivity

As returns on market increase, returns on owning OMNITEX INDUSTRIES are expected to decrease at a much smaller rate. During bear market, OMNITEX INDUSTRIES is likely to outperform the market.
3 Months Beta |Analyze OMNITEX INDUSTRIES LTD Demand Trend
Check current 30 days OMNITEX INDUSTRIES correlation with market (DOW)
β = -0.0161

OMNITEX INDUSTRIES Central Daily Price Deviation

OMNITEX INDUSTRIES LTD Technical Analysis

Transformation
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OMNITEX INDUSTRIES Projected Return Density Against Market

Assuming 30 trading days horizon, OMNITEX INDUSTRIES LTD has beta of -0.0161 . This suggests as returns on benchmark increase, returns on holding OMNITEX INDUSTRIES are expected to decrease at a much smaller rate. During bear market, however, OMNITEX INDUSTRIES LTD is likely to outperform the market. Moreover, The company has an alpha of 0.5824 implying that it can potentially generate 0.5824% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.58
β
Beta against DOW=-0.02
σ
Overall volatility
=0.00
Ir
Information ratio =0.21

OMNITEX INDUSTRIES Return Volatility

the company accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 4.0968% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About OMNITEX INDUSTRIES Volatility

Volatility is a rate at which the price of OMNITEX INDUSTRIES or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of OMNITEX INDUSTRIES may increase or decrease. In other words, similar to OMNITEX's beta indicator, it measures the risk of OMNITEX INDUSTRIES and helps estimate the fluctuations that may happen in a short period of time. So if prices of OMNITEX INDUSTRIES fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

OMNITEX INDUSTRIES Investment Opportunity

DOW has a standard deviation of returns of 4.1 and is 9.223372036854776E16 times more volatile than OMNITEX INDUSTRIES LTD. of all equities and portfolios are less risky than OMNITEX INDUSTRIES. Compared to the overall equity markets, volatility of historical daily returns of OMNITEX INDUSTRIES LTD is lower than 0 () of all global equities and portfolios over the last 30 days. Use OMNITEX INDUSTRIES LTD to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of OMNITEX INDUSTRIES to be traded at 16.83 in 30 days. . As returns on market increase, returns on owning OMNITEX INDUSTRIES are expected to decrease at a much smaller rate. During bear market, OMNITEX INDUSTRIES is likely to outperform the market.

OMNITEX INDUSTRIES correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding OMNITEX INDUSTRIES LTD and equity matching DJI index in the same portfolio.

OMNITEX INDUSTRIES Current Risk Indicators

OMNITEX INDUSTRIES Suggested Diversification Pairs

Please continue to Trending Equities. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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