Novelis Corp 475 Buy Hold or Sell Recommendation

670001AE6   92.13  2.33  2.47%   
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Novelis Corp 475 is 'Hold'. Macroaxis provides Novelis buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Novelis positions.
  
Check out Novelis Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Also, note that the market value of any corporate bond could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Execute Novelis Buy or Sell Advice

The Novelis recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Novelis Corp 475. Macroaxis does not own or have any residual interests in Novelis Corp 475 or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Novelis' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell NovelisBuy Novelis
Hold

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds of Default

Below AverageDetails

Economic Sensitivity

Slowly supersedes the marketDetails
For the selected time horizon Novelis Corp 475 has a Risk Adjusted Performance of (0.01), Jensen Alpha of (0.01), Total Risk Alpha of 0.1084 and Treynor Ratio of (0.11)
Macroaxis provides trade recommendations on Novelis Corp 475 to complement and cross-verify current analyst consensus on Novelis. Our advice engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon.

Novelis Trading Alerts and Improvement Suggestions

Novelis Corp 475 generated a negative expected return over the last 90 days

Novelis Returns Distribution Density

The distribution of Novelis' historical returns is an attempt to chart the uncertainty of Novelis' future price movements. The chart of the probability distribution of Novelis daily returns describes the distribution of returns around its average expected value. We use Novelis Corp 475 price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Novelis returns is essential to provide solid investment advice for Novelis.
Mean Return
-0.03
Value At Risk
-1.2
Potential Upside
0.65
Standard Deviation
1.30
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Novelis historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Novelis Greeks

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 Novelis or Manufacturing 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 Novelis' price will be affected by overall bond 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 Novelis bond'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.
α
Alpha over Dow Jones
-0.0075
β
Beta against Dow Jones0.38
σ
Overall volatility
0.51
Ir
Information ratio 0.04

Novelis Volatility Alert

Novelis Corp 475 exhibits very low volatility with skewness of -1.39 and kurtosis of 19.4. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Novelis' bond risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Novelis' bond price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Novelis Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Novelis . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Novelis Buy or Sell Advice

When is the right time to buy or sell Novelis Corp 475? Buying financial instruments such as Novelis Bond isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Novelis in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Online Gaming Thematic Idea Now

Online Gaming
Online Gaming Theme
Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Online Gaming Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Novelis Bond

Novelis financial ratios help investors to determine whether Novelis Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novelis with respect to the benefits of owning Novelis security.