Electrosteel Castings (India) Alpha and Beta Analysis
| ELECTCAST | 163.19 10.73 7.04% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Electrosteel Castings Limited. It also helps investors analyze the systematic and unsystematic risks associated with investing in Electrosteel Castings over a specified time horizon. Remember, high Electrosteel Castings' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Electrosteel Castings' market risk premium analysis include:
Beta 0.37 | Alpha (0.40) | Risk 3.38 | Sharpe Ratio (0.12) | Expected Return (0.40) |
Electrosteel Castings Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Electrosteel |
Electrosteel Castings Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Electrosteel Castings market risk premium is the additional return an investor will receive from holding Electrosteel Castings long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Electrosteel Castings. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Electrosteel Castings' performance over market.| α | -0.4 | β | 0.37 |
Electrosteel Castings expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Electrosteel Castings' Buy-and-hold return. Our buy-and-hold chart shows how Electrosteel Castings performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Electrosteel Castings Market Price Analysis
Market price analysis indicators help investors to evaluate how Electrosteel Castings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Electrosteel Castings shares will generate the highest return on investment. By understating and applying Electrosteel Castings stock market price indicators, traders can identify Electrosteel Castings position entry and exit signals to maximize returns.
Electrosteel Castings Return and Market Media
The median price of Electrosteel Castings for the period between Thu, Sep 5, 2024 and Wed, Dec 4, 2024 is 194.45 with a coefficient of variation of 15.53. The daily time series for the period is distributed with a sample standard deviation of 28.89, arithmetic mean of 186.03, and mean deviation of 26.4. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Electrosteel Castings Stock Sees Positive Trend, Outperforms Sector by 5.06 percent - MarketsMojo | 10/23/2024 |
2 | Electrosteel Castings shares plunge 8 percent after sluggish show in Q2 earnings - Business Standard | 10/31/2024 |
3 | Electrosteel Castings Ltd leads losers in A group - Business Standard | 11/08/2024 |
About Electrosteel Castings Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Electrosteel or other stocks. Alpha measures the amount that position in Electrosteel Castings has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Electrosteel Castings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Electrosteel Castings' short interest history, or implied volatility extrapolated from Electrosteel Castings options trading.
Build Portfolio with Electrosteel Castings
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Other Information on Investing in Electrosteel Stock
Electrosteel Castings financial ratios help investors to determine whether Electrosteel Stock 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 Electrosteel with respect to the benefits of owning Electrosteel Castings security.