532733 Volatility

ST
532733 -- India Stock  

INR 399.75  3.25  0.81%

SUN TV is very steady given 3 months investment horizon. SUN TV NETWORK owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.51, which indicates the firm had 0.51% of return per unit of standard deviation over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use SUN TV NETWORK market data together with company specific technical indicators. We were able to interpolate and analyze data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 2.6% are justified by taking the suggested risk. Use SUN TV NETWORK risk adjusted performance of 1.16, and coefficient of variation of 185.88 to evaluate company specific risk that cannot be diversified away.

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SUN TV 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 532733 daily returns, and it is calculated using variance and standard deviation. We also use 532733's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of SUN TV volatility.

SUN TV Market Sensitivity And Downside Risk

SUN TV NETWORK beta coefficient measures the volatility of 532733 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 532733 stock's returns against your selected market. In other words, SUN TV's beta of -0.1251 provides an investor with an approximation of how much risk SUN TV stock can potentially add to one of your existing portfolios. Let's try to break down what 532733's beta means in this case. As returns on the market increase, returns on owning SUN TV are expected to decrease at a much lower rate. During the bear market, SUN TV is likely to outperform the market.
3 Months Beta |Analyze SUN TV NETWORK Demand Trend
Check current 30 days SUN TV correlation with market (DOW)
β

Current SUN TV Beta Coefficient

 = 

SUN TV Central Daily Price Deviations

It is essential to understand the difference between upside risk (as represented by SUN TV's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of SUN TV stock's daily returns or price. Since the actual investment returns on holding a position in SUN TV 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 SUN TV.

SUN TV NETWORK Volatility Analysis

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SUN TV Projected Return Density Against Market

Assuming the 30 trading days horizon, SUN TV NETWORK has a beta of -0.1251 . This suggests as returns on benchmark increase, returns on holding SUN TV are expected to decrease at a much lower rate. During the bear market, however, SUN TV NETWORK is likely to outperform the market. 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 SUN TV or SUN TV NETWORK 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 SUN TV 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 532733 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 2.857, implying that it can generate a 2.86 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

SUN TV 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 SUN TV or SUN TV NETWORK 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 SUN TV 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 532733 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 SUN TV is 195.89. The daily returns are destributed with a variance of 25.9 and standard deviation of 5.09. The mean deviation of SUN TV NETWORK is currently at 3.94. For similar time horizon, the selected benchmark (DOW) has volatility of 2.14
α
Alpha over DOW
=2.86
β
Beta against DOW=-0.13
σ
Overall volatility
=5.09
Ir
Information ratio =0.49

SUN TV Return Volatility

SUN TV historical daily return volatility represents how much SUN TV 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 5.0895% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.8606% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About SUN TV Volatility

Volatility is a rate at which the price of SUN TV 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 SUN TV may increase or decrease. In other words, similar to 532733's beta indicator, it measures the risk of SUN TV and helps estimate the fluctuations that may happen in a short period of time. So if prices of SUN TV 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.

SUN TV Investment Opportunity

SUN TV NETWORK has a volatility of 5.09 and is 2.74 times more volatile than DOW. 44  of all equities and portfolios are less risky than SUN TV. Compared to the overall equity markets, volatility of historical daily returns of SUN TV NETWORK is lower than 44 () of all global equities and portfolios over the last 30 days. Use SUN TV NETWORK to protect your portfolios against small markets fluctuations. The stock experiences a moderate downward daily trend and can be a good diversifier. Check odds of SUN TV to be traded at 391.76 in 30 days. . Let's try to break down what 532733's beta means in this case. As returns on the market increase, returns on owning SUN TV are expected to decrease at a much lower rate. During the bear market, SUN TV is likely to outperform the market.

SUN TV correlation with market

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

SUN TV Additional Risk Indicators

The analysis of various secondary risk indicators of SUN TV is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in SUN TV investment, and either accepting that risk or mitigating it. Along with some common measures of SUN TV 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 Performance1.16
Market Risk Adjusted Performance(22.57)
Mean Deviation4.12
Coefficient Of Variation185.88
Standard Deviation5.27
Variance27.76
Information Ratio0.4864

SUN TV 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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