532351 Volatility

AO
532351 -- India Stock  

INR 6.32  1.41  28.72%

AKSH OPTIFIBRE is dangerous given 3 months investment horizon. AKSH OPTIFIBRE LTD secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had 0.25% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use AKSH OPTIFIBRE LTD market data together with company specific technical indicators. We were able to analyze twenty-one different technical indicators, which can help you to evaluate if expected returns of 5.32% are justified by taking the suggested risk. Use AKSH OPTIFIBRE risk adjusted performance of 0.1653, and mean deviation of 14.05 to evaluate company specific risk that cannot be diversified away.

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AKSH OPTIFIBRE 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 532351 daily returns, and it is calculated using variance and standard deviation. We also use 532351's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of AKSH OPTIFIBRE volatility.

AKSH OPTIFIBRE Market Sensitivity And Downside Risk

AKSH OPTIFIBRE LTD beta coefficient measures the volatility of 532351 stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents 532351 stock's returns against your selected market. In other words, AKSH OPTIFIBRE's beta of 1.32 provides an investor with an approximation of how much risk AKSH OPTIFIBRE stock can potentially add to one of your existing portfolios. Let's try to break down what 532351'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, AKSH OPTIFIBRE will likely underperform.
3 Months Beta |Analyze AKSH OPTIFIBRE LTD Demand Trend
Check current 30 days AKSH OPTIFIBRE correlation with market (DOW)
β

Current AKSH OPTIFIBRE Beta Coefficient

 = 

AKSH OPTIFIBRE Central Daily Price Deviations

It is essential to understand the difference between upside risk (as represented by AKSH OPTIFIBRE's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of AKSH OPTIFIBRE stock's daily returns or price. Since the actual investment returns on holding a position in AKSH OPTIFIBRE stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in AKSH OPTIFIBRE.

AKSH OPTIFIBRE LTD Volatility Analysis

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AKSH OPTIFIBRE Projected Return Density Against Market

Assuming the 30 trading days horizon, the stock has the beta coefficient of 1.3154 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, AKSH OPTIFIBRE will likely underperform. In addition to that, Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to AKSH OPTIFIBRE or AKSH OPTIFIBRE LTD sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that AKSH OPTIFIBRE stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 532351 stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. The company has an alpha of 2.7049, implying that it can generate a 2.7 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

AKSH OPTIFIBRE Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to AKSH OPTIFIBRE or AKSH OPTIFIBRE LTD sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that AKSH OPTIFIBRE stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 532351 stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 30 trading days horizon, the coefficient of variation of AKSH OPTIFIBRE is 395.71. The daily returns are destributed with a variance of 442.62 and standard deviation of 21.04. The mean deviation of AKSH OPTIFIBRE LTD is currently at 15.09. For similar time horizon, the selected benchmark (DOW) has volatility of 1.81
α
Alpha over DOW
=2.70
β
Beta against DOW=1.32
σ
Overall volatility
=21.04
Ir
Information ratio =0.08

AKSH OPTIFIBRE Return Volatility

AKSH OPTIFIBRE historical daily return volatility represents how much AKSH OPTIFIBRE stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company accepts 21.0385% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.812% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About AKSH OPTIFIBRE Volatility

Volatility is a rate at which the price of AKSH OPTIFIBRE 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 AKSH OPTIFIBRE may increase or decrease. In other words, similar to 532351's beta indicator, it measures the risk of AKSH OPTIFIBRE and helps estimate the fluctuations that may happen in a short period of time. So if prices of AKSH OPTIFIBRE 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.

AKSH OPTIFIBRE Investment Opportunity

AKSH OPTIFIBRE LTD has a volatility of 21.04 and is 11.62 times more volatile than DOW. 96  of all equities and portfolios are less risky than AKSH OPTIFIBRE. Compared to the overall equity markets, volatility of historical daily returns of AKSH OPTIFIBRE LTD is higher than 96 () of all global equities and portfolios over the last 30 days. Use AKSH OPTIFIBRE LTD to enhance returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of AKSH OPTIFIBRE to be traded at 7.9 in 30 days. . Let's try to break down what 532351'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, AKSH OPTIFIBRE will likely underperform.

AKSH OPTIFIBRE correlation with market

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

AKSH OPTIFIBRE Additional Risk Indicators

The analysis of various secondary risk indicators of AKSH OPTIFIBRE is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in AKSH OPTIFIBRE investment, and either accepting that risk or mitigating it. Along with some common measures of AKSH OPTIFIBRE stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance0.1653
Market Risk Adjusted Performance2.24
Mean Deviation14.05
Semi Deviation15.71
Downside Deviation17.37
Coefficient Of Variation1163.18
Standard Deviation34.28

AKSH OPTIFIBRE Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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