SSPNFIN Volatility

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SSPNFIN -- India Stock  

INR 41.90  0.90  2.10%

We consider SSPN Finance very steady. SSPN Finance Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0248, which indicates the firm had 0.0248% of return per unit of standard deviation over the last 3 months. Our philosophy towards measuring 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 SSPN Finance Limited, which you can use to evaluate future volatility of the company. Please validate SSPN Finance risk adjusted performance of (0.07), and coefficient of variation of (2,666) to confirm if the risk estimate we provide is consistent with the expected return of 0.0616%.

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

90 Days Market Risk

Very steady

Chance of Distress

Below Average

90 Days Economic Sensitivity

Moves slightly opposite to the market

SSPN Finance Market Sensitivity And Downside Risk

SSPN Finance Limited beta coefficient measures the volatility of SSPNFIN 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 SSPNFIN stock's returns against your selected market. In other words, SSPN Finance's beta of -0.6395 provides an investor with an approximation of how much risk SSPN Finance stock can potentially add to one of your existing portfolios. Let's try to break down what SSPNFIN's beta means in this case. As returns on the market increase, returns on owning SSPN Finance are expected to decrease at a much lower rate. During the bear market, SSPN Finance is likely to outperform the market.
3 Months Beta |Analyze SSPN Finance Limited Demand Trend
Check current 30 days SSPN Finance correlation with market (DOW)
β

Current SSPN Finance Beta Coefficient

 = 

SSPN Finance Central Daily Price Deviations

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

SSPN Finance Limited Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. SSPN Finance Typical Price indicator is an average of each day price and can be used instead of closing price when creating different SSPN Finance Limited moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

SSPN Finance Projected Return Density Against Market

Assuming the 30 trading days horizon, SSPN Finance Limited has the beta of -0.6395 . This usually implies as returns on benchmark increase, returns on holding SSPN Finance are expected to decrease at a much lower rate. During the bear market, however, SSPN Finance Limited is likely to outperform the market. 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 SSPN Finance or SSPN Finance Limited 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 SSPN Finance 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 SSPNFIN 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 0.0429, implying that it can potentially generate 0.0429% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

SSPN Finance 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 SSPN Finance or SSPN Finance Limited 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 SSPN Finance 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 SSPNFIN 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 SSPN Finance is 4027.44. The daily returns are destributed with a variance of 6.15 and standard deviation of 2.48. The mean deviation of SSPN Finance Limited is currently at 1.63. For similar time horizon, the selected benchmark (DOW) has volatility of 2.09
α
Alpha over DOW
=0.0429
β
Beta against DOW=-0.64
σ
Overall volatility
=2.48
Ir
Information ratio =-0.12

SSPN Finance Return Volatility

SSPN Finance historical daily return volatility represents how much SSPN Finance stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The entity accepts 2.4799% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 2.0908% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About SSPN Finance Volatility

Volatility is a rate at which the price of SSPN Finance 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 SSPN Finance may increase or decrease. In other words, similar to SSPNFIN's beta indicator, it measures the risk of SSPN Finance and helps estimate the fluctuations that may happen in a short period of time. So if prices of SSPN Finance 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.
SSPN Finance Limited engages in the investment and lending businesses in India. The company was incorporated in 2012 and is based in Mumbai, India. SSPN Finance operates under Credit Services classification in India and is traded on Bombay Stock Exchange.

SSPN Finance Investment Opportunity

SSPN Finance Limited has a volatility of 2.48 and is 1.19 times more volatile than DOW. 21  of all equities and portfolios are less risky than SSPN Finance. Compared to the overall equity markets, volatility of historical daily returns of SSPN Finance Limited is lower than 21 () of all global equities and portfolios over the last 30 days. Use SSPN Finance Limited to enhance returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of SSPN Finance to be traded at 55.25 in 30 days. . Let's try to break down what SSPNFIN's beta means in this case. As returns on the market increase, returns on owning SSPN Finance are expected to decrease at a much lower rate. During the bear market, SSPN Finance is likely to outperform the market.

SSPN Finance correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SSPN Finance Limited and equity matching DJI index in the same portfolio.

SSPN Finance Additional Risk Indicators

The analysis of various secondary risk indicators of SSPN Finance is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in SSPN Finance investment, and either accepting that risk or mitigating it. Along with some common measures of SSPN Finance 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 Performance(0.07)
Market Risk Adjusted Performance0.2514
Mean Deviation2.24
Coefficient Of Variation(2,666)
Standard Deviation3.85
Variance14.82
Information Ratio(0.12)

SSPN Finance 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