ADVENT Volatility

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ADVENT -- India Stock  

INR 1.31  0.00  0.00%

Macroaxis considers ADVENT COMPUTER to be very risky. ADVENT COMPUTER SERV secures Sharpe Ratio (or Efficiency) of -0.1833, which signifies that the organization had -0.1833% of return per unit of volatility over the last 3 months. Macroaxis way of foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ADVENT COMPUTER SERVICES exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ADVENT COMPUTER SERV Mean Deviation of 1.0 and Risk Adjusted Performance of (0.88) to double-check the risk estimate we provide.

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

90 Days Market Risk

Very risky

Chance of Distress

Close to Average

90 Days Economic Sensitivity

Barely shadows market

ADVENT COMPUTER Market Sensitivity

As returns on market increase, ADVENT COMPUTER returns are expected to increase less than the market. However, during bear market, the loss on holding ADVENT COMPUTER will be expected to be smaller as well.
3 Months Beta |Analyze ADVENT COMPUTER SERV Demand Trend
Check current 30 days ADVENT COMPUTER correlation with market (DOW)
β = 0.0193

ADVENT COMPUTER Central Daily Price Deviation

ADVENT COMPUTER SERV Technical Analysis

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ADVENT COMPUTER Projected Return Density Against Market

Assuming 30 trading days horizon, ADVENT COMPUTER has beta of 0.0193 . This suggests as returns on market go up, ADVENT COMPUTER average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ADVENT COMPUTER SERVICES will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. ADVENT COMPUTER SERV is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of ADVENT COMPUTER is -545.43. The daily returns are destributed with a variance of 3.07 and standard deviation of 1.75. The mean deviation of ADVENT COMPUTER SERVICES is currently at 0.77. For similar time horizon, the selected benchmark (DOW) has volatility of 4.15
α
Alpha over DOW
=-0.4
β
Beta against DOW=0.0193
σ
Overall volatility
=1.75
Ir
Information ratio =-0.14

ADVENT COMPUTER Return Volatility

the company accepts 1.7524% 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 ADVENT COMPUTER Volatility

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

ADVENT COMPUTER Investment Opportunity

DOW has a standard deviation of returns of 4.1 and is 2.34 times more volatile than ADVENT COMPUTER SERVICES. 15  of all equities and portfolios are less risky than ADVENT COMPUTER. Compared to the overall equity markets, volatility of historical daily returns of ADVENT COMPUTER SERVICES is lower than 15 () of all global equities and portfolios over the last 30 days. Use ADVENT COMPUTER SERVICES 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 ADVENT COMPUTER to be traded at 1.2969 in 30 days. . As returns on market increase, ADVENT COMPUTER returns are expected to increase less than the market. However, during bear market, the loss on holding ADVENT COMPUTER will be expected to be smaller as well.

ADVENT COMPUTER correlation with market

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

ADVENT COMPUTER Current Risk Indicators

ADVENT COMPUTER Suggested Diversification Pairs

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