Akme Fintrade India Stock Beta
| AFIL Stock | 81.65 0.28 0.34% |
Akme Fintrade India fundamentals help investors to digest information that contributes to Akme Fintrade's financial success or failures. It also enables traders to predict the movement of Akme Stock. The fundamental analysis module provides a way to measure Akme Fintrade's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Akme Fintrade stock.
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Akme Fintrade India Company Beta Analysis
Akme Fintrade's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Akme Fintrade India has a Beta of 0.0. This is 100.0% lower than that of the Financial Services sector and 100.0% lower than that of the Credit Services industry. The beta for all India stocks is 100.0% lower than that of the firm.
Akme Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Akme Fintrade's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Akme Fintrade could also be used in its relative valuation, which is a method of valuing Akme Fintrade by comparing valuation metrics of similar companies.Akme Fintrade is currently under evaluation in beta category among its peers.
About Akme Fintrade Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Akme Fintrade India's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Akme Fintrade using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Akme Fintrade India based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Akme Stock Analysis
When running Akme Fintrade's price analysis, check to measure Akme Fintrade's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Akme Fintrade is operating at the current time. Most of Akme Fintrade's value examination focuses on studying past and present price action to predict the probability of Akme Fintrade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akme Fintrade's price. Additionally, you may evaluate how the addition of Akme Fintrade to your portfolios can decrease your overall portfolio volatility.