HINDUSTAN Volatility

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HINDUNILVR -- India Stock  

INR 2,107  14.60  0.69%

We consider HINDUSTAN UNILEVER very steady. HINDUSTAN UNILEVER holds Efficiency (Sharpe) Ratio of 0.0313, which attests that the entity had 0.0313% of return per unit of volatility over the last 3 months. Our way of determining the 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 HINDUSTAN UNILEVER, which you can use to evaluate future volatility of the corporation. Please check out HINDUSTAN UNILEVER Market Risk Adjusted Performance of (1.40) and Risk Adjusted Performance of 0.1139 to validate if the risk estimate we provide is consistent with the expected return of 0.1205%.

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

90 Days Market Risk

Very steady

Chance of Distress

Average

90 Days Economic Sensitivity

Moves indifferently to market moves

HINDUSTAN UNILEVER Market Sensitivity

As returns on market increase, returns on owning HINDUSTAN UNILEVER are expected to decrease at a much smaller rate. During bear market, HINDUSTAN UNILEVER is likely to outperform the market.
3 Months Beta |Analyze HINDUSTAN UNILEVER Demand Trend
Check current 30 days HINDUSTAN UNILEVER correlation with market (DOW)
β = -0.0656

HINDUSTAN UNILEVER Central Daily Price Deviation

HINDUSTAN UNILEVER Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. HINDUSTAN UNILEVER Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

HINDUSTAN UNILEVER Projected Return Density Against Market

Assuming 30 trading days horizon, HINDUSTAN UNILEVER has beta of -0.0656 . This indicates as returns on benchmark increase, returns on holding HINDUSTAN UNILEVER are expected to decrease at a much smaller rate. During bear market, however, HINDUSTAN UNILEVER is likely to outperform the market. Moreover, The company has an alpha of 0.0987 implying that it can potentially generate 0.0987% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of HINDUSTAN UNILEVER is 3194.74. The daily returns are destributed with a variance of 14.82 and standard deviation of 3.85. The mean deviation of HINDUSTAN UNILEVER is currently at 2.62. For similar time horizon, the selected benchmark (DOW) has volatility of 3.98
α
Alpha over DOW
=0.1
β
Beta against DOW=-0.07
σ
Overall volatility
=3.85
Ir
Information ratio =-0.0002

HINDUSTAN UNILEVER Return Volatility

the entity accepts 3.8491% volatility on return distribution over the 30 days horizon. the entity inherits 3.9796% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About HINDUSTAN UNILEVER Volatility

Volatility is a rate at which the price of HINDUSTAN UNILEVER 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 HINDUSTAN UNILEVER may increase or decrease. In other words, similar to HINDUSTAN's beta indicator, it measures the risk of HINDUSTAN UNILEVER and helps estimate the fluctuations that may happen in a short period of time. So if prices of HINDUSTAN UNILEVER 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.
Hindustan Unilever Limited, a consumer goods company, manufactures and sells home and personal care, food, and refreshment products in India and internationally. The company was founded in 1931 and is based in Mumbai, India. HINDUSTAN UNILEVER operates under Household Personal Products classification in India and is traded on National Stock Exchange of India.

HINDUSTAN UNILEVER Investment Opportunity

DOW has a standard deviation of returns of 3.98 and is 1.03 times more volatile than HINDUSTAN UNILEVER. 33  of all equities and portfolios are less risky than HINDUSTAN UNILEVER. Compared to the overall equity markets, volatility of historical daily returns of HINDUSTAN UNILEVER is lower than 33 () of all global equities and portfolios over the last 30 days. Use HINDUSTAN UNILEVER to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of HINDUSTAN UNILEVER to be traded at 2065.25 in 30 days. . As returns on market increase, returns on owning HINDUSTAN UNILEVER are expected to decrease at a much smaller rate. During bear market, HINDUSTAN UNILEVER is likely to outperform the market.

HINDUSTAN UNILEVER correlation with market

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

HINDUSTAN UNILEVER Current Risk Indicators

HINDUSTAN UNILEVER Suggested Diversification Pairs

Please check Risk vs Return Analysis. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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