NOVARTIS Volatility

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NOVARTIND -- India Stock  

INR 562.25  4.85  0.86%

We consider NOVARTIS INDIA very steady. NOVARTIS INDIA LTD has Sharpe Ratio of 0.0469, which conveys that the firm had 0.0469% of return per unit of standard deviation over the last 3 months. Our philosophy towards 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 NOVARTIS INDIA, which you can use to evaluate future volatility of the firm. Please verify NOVARTIS INDIA LTD Mean Deviation of 2.07, Risk Adjusted Performance of (0.21) and Market Risk Adjusted Performance of 4.5 to check out if the risk estimate we provide is consistent with the expected return of 0.1811%.

Search Volatility

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

90 Days Market Risk

Very steady

Chance of Distress

Below Average

90 Days Economic Sensitivity

Moves indifferently to market moves

NOVARTIS INDIA Market Sensitivity

As returns on market increase, returns on owning NOVARTIS INDIA are expected to decrease at a much smaller rate. During bear market, NOVARTIS INDIA is likely to outperform the market.
3 Months Beta |Analyze NOVARTIS INDIA LTD Demand Trend
Check current 30 days NOVARTIS INDIA correlation with market (DOW)
β = -0.042

NOVARTIS INDIA Central Daily Price Deviation

NOVARTIS INDIA LTD Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of NOVARTIS INDIA LTD price series. View also all equity analysis or get more info about median price price transform indicator.

NOVARTIS INDIA Projected Return Density Against Market

Assuming 30 trading days horizon, NOVARTIS INDIA LTD has beta of -0.042 indicating as returns on benchmark increase, returns on holding NOVARTIS INDIA are expected to decrease at a much smaller rate. During bear market, however, NOVARTIS INDIA LTD 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. NOVARTIS INDIA LTD is significantly underperforming DOW.
 Predicted Return Density 
Assuming 30 trading days horizon, the coefficient of variation of NOVARTIS INDIA is 2132.08. The daily returns are destributed with a variance of 14.9 and standard deviation of 3.86. The mean deviation of NOVARTIS INDIA LTD is currently at 2.32. For similar time horizon, the selected benchmark (DOW) has volatility of 4.11
Alpha over DOW
Beta against DOW=-0.04
Overall volatility
Information ratio =-0.08

NOVARTIS INDIA Return Volatility

the entity accepts 3.8604% volatility on return distribution over the 30 days horizon. the entity inherits 4.0562% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

About NOVARTIS INDIA Volatility

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

NOVARTIS INDIA Investment Opportunity

DOW has a standard deviation of returns of 4.06 and is 1.05 times more volatile than NOVARTIS INDIA LTD. 33  of all equities and portfolios are less risky than NOVARTIS INDIA. Compared to the overall equity markets, volatility of historical daily returns of NOVARTIS INDIA LTD is lower than 33 () of all global equities and portfolios over the last 30 days. Use NOVARTIS INDIA LTD to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of NOVARTIS INDIA to be traded at 551.01 in 30 days. . As returns on market increase, returns on owning NOVARTIS INDIA are expected to decrease at a much smaller rate. During bear market, NOVARTIS INDIA is likely to outperform the market.

NOVARTIS INDIA correlation with market

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

NOVARTIS INDIA Current Risk Indicators

NOVARTIS INDIA Suggested Diversification Pairs

Additionally, see Stocks Correlation. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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