MODERN Volatility

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MODERN -- India Stock  

INR 38.00  0.00  0.00%

Macroaxis considers MODERN INDIA to be very steady. MODERN INDIA LTD has Sharpe Ratio of -0.5184, which conveys that the firm had -0.5184% of return per unit of risk over the last 3 months. Macroaxis philosophy towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. MODERN INDIA exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify MODERN INDIA LTD Mean Deviation of 2.97 and Risk Adjusted Performance of (0.54) to check out the risk estimate we provide.

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

90 Days Market Risk

Very steady

Chance of Distress

90 Days Economic Sensitivity

Barely shadows market

MODERN INDIA Market Sensitivity

As returns on market increase, MODERN INDIA returns are expected to increase less than the market. However, during bear market, the loss on holding MODERN INDIA will be expected to be smaller as well.
3 Months Beta |Analyze MODERN INDIA LTD Demand Trend
Check current 30 days MODERN INDIA correlation with market (DOW)
β = 0.1898

MODERN INDIA Central Daily Price Deviation

MODERN INDIA LTD Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. MODERN INDIA LTD 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.

MODERN INDIA Projected Return Density Against Market

Assuming 30 trading days horizon, MODERN INDIA has beta of 0.1898 indicating as returns on market go up, MODERN INDIA average returns are expected to increase less than the benchmark. However during bear market, the loss on holding MODERN INDIA LTD 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. MODERN INDIA LTD is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of MODERN INDIA is -192.91. The daily returns are destributed with a variance of 12.15 and standard deviation of 3.49. The mean deviation of MODERN INDIA LTD is currently at 2.73. For similar time horizon, the selected benchmark (DOW) has volatility of 4.02
α
Alpha over DOW
=-0.82
β
Beta against DOW=0.19
σ
Overall volatility
=3.49
Ir
Information ratio =-0.14

MODERN INDIA Return Volatility

the company accepts 3.4852% volatility on return distribution over the 30 days horizon. the entity inherits 4.0239% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About MODERN INDIA Volatility

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

MODERN INDIA Investment Opportunity

DOW has a standard deviation of returns of 4.02 and is 1.15 times more volatile than MODERN INDIA LTD. 30  of all equities and portfolios are less risky than MODERN INDIA. Compared to the overall equity markets, volatility of historical daily returns of MODERN INDIA LTD is lower than 30 () of all global equities and portfolios over the last 30 days. Use MODERN INDIA LTD 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 MODERN INDIA to be traded at 37.62 in 30 days. . As returns on market increase, MODERN INDIA returns are expected to increase less than the market. However, during bear market, the loss on holding MODERN INDIA will be expected to be smaller as well.

MODERN INDIA correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding MODERN INDIA LTD and equity matching DJI index in the same portfolio.

MODERN INDIA Current Risk Indicators

MODERN INDIA Suggested Diversification Pairs

Additionally, see Stocks Correlation. Please also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.
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