ZENTEC Volatility

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ZENTEC -- India Stock  

INR 37.55  1.40  3.87%

Macroaxis considers ZEN TECHNOLOGIES to be somewhat reliable. ZEN TECHNOLOGIES LTD shows Sharpe Ratio of -0.0162, which attests that the company had -0.0162% of return per unit of standard deviation over the last 3 months. Macroaxis approach into determining 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. ZEN TECHNOLOGIES LTD exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out ZEN TECHNOLOGIES LTD Risk Adjusted Performance of (0.08) and Mean Deviation of 5.01 to validate the risk estimate we provide.

Search Volatility

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

90 Days Market Risk

Somewhat reliable

Chance of Distress

Very Low

90 Days Economic Sensitivity

Moves indifferently to market moves

ZEN TECHNOLOGIES Market Sensitivity

As returns on market increase, returns on owning ZEN TECHNOLOGIES are expected to decrease at a much smaller rate. During bear market, ZEN TECHNOLOGIES is likely to outperform the market.
3 Months Beta |Analyze ZEN TECHNOLOGIES LTD Demand Trend
Check current 30 days ZEN TECHNOLOGIES correlation with market (DOW)
β = -0.0371

ZEN TECHNOLOGIES Central Daily Price Deviation


The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of ZEN TECHNOLOGIES LTD high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only ZEN TECHNOLOGIES closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

ZEN TECHNOLOGIES Projected Return Density Against Market

Assuming 30 trading days horizon, ZEN TECHNOLOGIES LTD has beta of -0.0371 . This means as returns on benchmark increase, returns on holding ZEN TECHNOLOGIES are expected to decrease at a much smaller rate. During bear market, however, ZEN TECHNOLOGIES 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. ZEN TECHNOLOGIES LTD is significantly underperforming DOW.
 Predicted Return Density 
Assuming 30 trading days horizon, the coefficient of variation of ZEN TECHNOLOGIES is -6178.01. The daily returns are destributed with a variance of 105.41 and standard deviation of 10.27. The mean deviation of ZEN TECHNOLOGIES LTD is currently at 6.08. For similar time horizon, the selected benchmark (DOW) has volatility of 4.06
Alpha over DOW
Beta against DOW=-0.04
Overall volatility
Information ratio =-0.02

ZEN TECHNOLOGIES Return Volatility

the company accepts 10.2671% 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 (%) 


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

ZEN TECHNOLOGIES Investment Opportunity

ZEN TECHNOLOGIES LTD has a volatility of 10.27 and is 2.55 times more volatile than DOW. 90  of all equities and portfolios are less risky than ZEN TECHNOLOGIES. Compared to the overall equity markets, volatility of historical daily returns of ZEN TECHNOLOGIES LTD is higher than 90 () of all global equities and portfolios over the last 30 days. Use ZEN TECHNOLOGIES LTD to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of ZEN TECHNOLOGIES to be traded at 45.06 in 30 days. . As returns on market increase, returns on owning ZEN TECHNOLOGIES are expected to decrease at a much smaller rate. During bear market, ZEN TECHNOLOGIES is likely to outperform the market.

ZEN TECHNOLOGIES correlation with market

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

ZEN TECHNOLOGIES Current Risk Indicators

ZEN TECHNOLOGIES Suggested Diversification Pairs

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