Gujarat Volatility

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GUJHYSPIN -- India Stock  

INR 2.02  0.00  0.00%

Macroaxis considers Gujarat Hy to be dangerous. Gujarat Hy Spin holds Efficiency (Sharpe) Ratio of -0.1523, which attests that the entity had -0.1523% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining 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. Gujarat Hy Spin exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Gujarat Hy Risk Adjusted Performance of (0.60) and Market Risk Adjusted Performance of 20.33 to validate the risk estimate we provide.

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

90 Days Market Risk

Dangerous

Chance of Distress

High

90 Days Economic Sensitivity

Moves indifferently to market moves

Gujarat Hy Market Sensitivity

As returns on market increase, returns on owning Gujarat Hy are expected to decrease at a much smaller rate. During bear market, Gujarat Hy is likely to outperform the market.
3 Months Beta |Analyze Gujarat Hy Spin Demand Trend
Check current 30 days Gujarat Hy correlation with market (DOW)
β = -0.0385

Gujarat Hy Central Daily Price Deviation

Gujarat Hy Spin Technical Analysis

Transformation
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Gujarat Hy Projected Return Density Against Market

Assuming 30 trading days horizon, Gujarat Hy Spin has beta of -0.0385 . This indicates as returns on benchmark increase, returns on holding Gujarat Hy are expected to decrease at a much smaller rate. During bear market, however, Gujarat Hy Spin is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Gujarat Hy Spin is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Gujarat Hy is -656.72. The daily returns are destributed with a variance of 33.97 and standard deviation of 5.83. The mean deviation of Gujarat Hy Spin is currently at 3.23. For similar time horizon, the selected benchmark (DOW) has volatility of 4.08
α
Alpha over DOW
=-0.79
β
Beta against DOW=-0.04
σ
Overall volatility
=5.83
Ir
Information ratio =-0.12

Gujarat Hy Return Volatility

the corporate body accepts 5.8285% volatility on return distribution over the 30 days horizon. the entity inherits 4.11% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About Gujarat Hy Volatility

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

Gujarat Hy Investment Opportunity

Gujarat Hy Spin has a volatility of 5.83 and is 1.42 times more volatile than DOW. 51  of all equities and portfolios are less risky than Gujarat Hy. Compared to the overall equity markets, volatility of historical daily returns of Gujarat Hy Spin is higher than 51 () of all global equities and portfolios over the last 30 days. Use Gujarat Hy Spin 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 Gujarat Hy to be traded at 1.9998 in 30 days. . As returns on market increase, returns on owning Gujarat Hy are expected to decrease at a much smaller rate. During bear market, Gujarat Hy is likely to outperform the market.

Gujarat Hy correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Gujarat Hy Spin Limited and equity matching DJI index in the same portfolio.

Gujarat Hy Current Risk Indicators

Gujarat Hy Suggested Diversification Pairs

Please check Risk vs Return Analysis. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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