JUBILANT Volatility

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JUBILANT -- India Stock  

INR 683.80  4.15  0.61%

JUBILANT LIFE is very steady given 3 months investment horizon. JUBILANT LIFE SCIE retains Efficiency (Sharpe Ratio) of 0.38, which attests that the entity had 0.38% of return per unit of return volatility over the last 3 months. Our viewpoint regarding determining the risk of a stock is to use both market data as well as company specific technical data. We were able to break down and interpolate twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.41% are justified by taking the suggested risk. Use JUBILANT LIFE SCIE downside deviation of 11.31, semi deviation of 7.39, and market risk adjusted performance of 1.42 to evaluate company specific risk that cannot be diversified away.

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

90 Days Market Risk

Very steady

Chance of Distress

90 Days Economic Sensitivity

Responds to the market

JUBILANT LIFE Market Sensitivity And Downside Risk

JUBILANT LIFE SCIE beta coefficient measures the volatility of JUBILANT 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 JUBILANT stock's returns against your selected market. In other words, JUBILANT LIFE's beta of 1.54 provides an investor with an approximation of how much risk JUBILANT LIFE stock can potentially add to one of your existing portfolios. Let's try to break down what JUBILANT'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, JUBILANT LIFE will likely underperform.
3 Months Beta |Analyze JUBILANT LIFE SCIE Demand Trend
Check current 30 days JUBILANT LIFE correlation with market (DOW)
β

Current JUBILANT LIFE Beta Coefficient

 = 

JUBILANT LIFE Central Daily Price Deviations

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

JUBILANT LIFE SCIE Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. JUBILANT LIFE SCIE 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.

JUBILANT LIFE Projected Return Density Against Market

Assuming the 30 trading days horizon, the stock has the beta coefficient of 1.535 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, JUBILANT LIFE 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 JUBILANT LIFE or Healthcare 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 JUBILANT LIFE 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 JUBILANT 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 1.8866, implying that it can generate a 1.89 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

JUBILANT LIFE 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 JUBILANT LIFE or Healthcare 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 JUBILANT LIFE 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 JUBILANT 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 JUBILANT LIFE is 263.09. The daily returns are destributed with a variance of 13.79 and standard deviation of 3.71. The mean deviation of JUBILANT LIFE SCIE is currently at 2.9. For similar time horizon, the selected benchmark (DOW) has volatility of 1.81
α
Alpha over DOW
=1.89
β
Beta against DOW=1.53
σ
Overall volatility
=3.71
Ir
Information ratio =0.16

JUBILANT LIFE Return Volatility

JUBILANT LIFE historical daily return volatility represents how much JUBILANT LIFE 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 3.7139% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.8334% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About JUBILANT LIFE Volatility

Volatility is a rate at which the price of JUBILANT LIFE 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 JUBILANT LIFE may increase or decrease. In other words, similar to JUBILANT's beta indicator, it measures the risk of JUBILANT LIFE and helps estimate the fluctuations that may happen in a short period of time. So if prices of JUBILANT LIFE 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.
Jubilant Life Sciences Limited operates as an integrated pharmaceutical and life sciences company worldwide. The company was incorporated in 1978 and is based in Noida, India. JUBILANT LIFE operates under Drug ManufacturersSpecialty Generic classification in India and is traded on National Stock Exchange of India. It employs 8000 people.

JUBILANT LIFE Investment Opportunity

JUBILANT LIFE SCIE has a volatility of 3.71 and is 2.03 times more volatile than DOW. 32  of all equities and portfolios are less risky than JUBILANT LIFE. Compared to the overall equity markets, volatility of historical daily returns of JUBILANT LIFE SCIE is lower than 32 () of all global equities and portfolios over the last 30 days. Use JUBILANT LIFE SCIE to enhance returns of your portfolios. The stock experiences a moderate upward volatility. Check odds of JUBILANT LIFE to be traded at 752.18 in 30 days. . Let's try to break down what JUBILANT'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, JUBILANT LIFE will likely underperform.

JUBILANT LIFE correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding JUBILANT LIFE SCIE and equity matching DJI index in the same portfolio.

JUBILANT LIFE Additional Risk Indicators

The analysis of various secondary risk indicators of JUBILANT LIFE is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in JUBILANT LIFE investment, and either accepting that risk or mitigating it. Along with some common measures of JUBILANT LIFE 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 Performance0.3207
Market Risk Adjusted Performance1.42
Mean Deviation5.55
Semi Deviation7.39
Downside Deviation11.31
Coefficient Of Variation581.16
Standard Deviation12.6

JUBILANT LIFE 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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Please see Risk vs Return Analysis. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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