NITTA Volatility

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NITTAGELA -- India Stock  

INR 111.70  2.50  2.19%

We consider NITTA GELATIN very steady. NITTA GELATIN INDIA has Sharpe Ratio of 0.0548, which conveys that the firm had 0.0548% of return per unit of standard deviation over the last 3 months. Our approach into estimating 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 NITTA GELATIN, which you can use to evaluate future volatility of the firm. Please verify NITTA GELATIN INDIA market risk adjusted performance of 2.53, mean deviation of 2.72, and risk adjusted performance of 0.1818 to check out if the risk estimate we provide is consistent with the expected return of 0.19%.

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

90 Days Market Risk

Very steady

Chance of Distress

Below Average

90 Days Economic Sensitivity

Barely shadows the market

NITTA GELATIN Market Sensitivity And Downside Risk

NITTA GELATIN INDIA beta coefficient measures the volatility of NITTA 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 NITTA stock's returns against your selected market. In other words, NITTA GELATIN's beta of 0.15 provides an investor with an approximation of how much risk NITTA GELATIN stock can potentially add to one of your existing portfolios. Let's try to break down what NITTA's beta means in this case. As returns on the market increase, NITTA GELATIN returns are expected to increase less than the market. However, during the bear market, the loss on holding NITTA GELATIN will be expected to be smaller as well.
3 Months Beta |Analyze NITTA GELATIN INDIA Demand Trend
Check current 30 days NITTA GELATIN correlation with market (DOW)
β

Current NITTA GELATIN Beta Coefficient

 = 

NITTA GELATIN Central Daily Price Deviations

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

NITTA GELATIN INDIA Volatility Analysis

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

NITTA GELATIN Projected Return Density Against Market

Assuming the 30 trading days horizon, NITTA GELATIN has a beta of 0.1505 . This indicates as returns on the market go up, NITTA GELATIN average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NITTA GELATIN INDIA will be expected to be much smaller as well. Moreover, 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 NITTA GELATIN or NITTA GELATIN INDIA 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 NITTA GELATIN 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 NITTA 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 0.3534, implying that it can generate a 0.35 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

NITTA GELATIN 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 NITTA GELATIN or NITTA GELATIN INDIA 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 NITTA GELATIN 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 NITTA 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 NITTA GELATIN is 1824.88. The daily returns are destributed with a variance of 11.44 and standard deviation of 3.38. The mean deviation of NITTA GELATIN INDIA is currently at 2.4. For similar time horizon, the selected benchmark (DOW) has volatility of 1.81
α
Alpha over DOW
=0.35
β
Beta against DOW=0.15
σ
Overall volatility
=3.38
Ir
Information ratio =0.05

NITTA GELATIN Return Volatility

NITTA GELATIN historical daily return volatility represents how much NITTA GELATIN stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm accepts 3.3823% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.7979% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About NITTA GELATIN Volatility

Volatility is a rate at which the price of NITTA GELATIN 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 NITTA GELATIN may increase or decrease. In other words, similar to NITTA's beta indicator, it measures the risk of NITTA GELATIN and helps estimate the fluctuations that may happen in a short period of time. So if prices of NITTA GELATIN 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.
Nitta Gelatin India Limited manufactures and sells gelatin, ossein, dicalcium phosphate , and collagen peptides in India. Nitta Gelatin India Limited was incorporated in 1975 and is based in Kochi, India. NITTA GELATIN operates under Specialty Chemicals classification in India and is traded on Bombay Stock Exchange.

NITTA GELATIN Investment Opportunity

NITTA GELATIN INDIA has a volatility of 3.38 and is 1.88 times more volatile than DOW. 29  of all equities and portfolios are less risky than NITTA GELATIN. Compared to the overall equity markets, volatility of historical daily returns of NITTA GELATIN INDIA is lower than 29 () of all global equities and portfolios over the last 30 days. Use NITTA GELATIN INDIA to protect your portfolios against small markets fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of NITTA GELATIN to be traded at 107.23 in 30 days. . Let's try to break down what NITTA's beta means in this case. As returns on the market increase, NITTA GELATIN returns are expected to increase less than the market. However, during the bear market, the loss on holding NITTA GELATIN will be expected to be smaller as well.

NITTA GELATIN correlation with market

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

NITTA GELATIN Additional Risk Indicators

The analysis of various secondary risk indicators of NITTA GELATIN is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in NITTA GELATIN investment, and either accepting that risk or mitigating it. Along with some common measures of NITTA GELATIN 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 Performance0.1818
Market Risk Adjusted Performance2.53
Mean Deviation2.72
Semi Deviation3.07
Downside Deviation3.9
Coefficient Of Variation1027.73
Standard Deviation4.01

NITTA GELATIN 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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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page