Volatility is a statistical measure of the dispersion of returns for a given security or market index, it shows how the price swings around its mean. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year. In most cases, the higher the volatility, the riskier the security.
Eimco Elecon India (BOM:523708) Volatility Explanation
Volatility is a statistical measure of the dispersion of returns for a given security or market index. It’s often measured as standard deviation or variance of historical returns over a certain period. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year.
Volatility reflects the uncertainty or risk of a security’s value. Generally speaking, a higher volatility suggests a higher risk, because it implies a wider fluctuation around average price. This means the price of the security can change dramatically in either direction within a short period. Conversely, a lower volatility means that the security's price is more steady, which suggests a lower risk.
Another measurement of relative volatility is Beta. Beta is a measure of systematic risk of a security or a portfolio in comparison to the market as a whole. Beta is usually compared to 1. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Eimco Elecon India Volatility Related Terms
BOM:523708 vs CAT, DE, PCAR: Volatility Comparison
For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon India's Volatility, along with its competitors' market caps and Volatility data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Eimco Elecon India Volatility vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Volatility distribution charts can be found below:
* The bar in red indicates where Eimco Elecon India's Volatility falls into.
Eimco Elecon India (BOM:523708) Volatility Calculation
The annualized volatility is calculated as following:
σA
=
σM
*
√12
=
√ 1/(n-1) ∑(Ri - R')^2
*
√12
Where: σM is the monthly volatility, n is the number of months in the period, Ri is the security's historical monthly returns and R' is the arithmetic mean of monthly returns.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Eimco Elecon India (BOM:523708) has a Volatility of 39.16% as of Jul. 01, 2026. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Eimco Elecon India and its competitors.
Is Eimco Elecon India's Volatility too high?
Eimco Elecon India's current Volatility is 39.16%. Overall, Eimco Elecon India has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eimco Elecon India's Volatility compare to CAT and DE?
Eimco Elecon India's Volatility of 39.16% can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Volatility for a Farm & Heavy Construction Machinery company?
A good Volatility depends on the Farm & Heavy Construction Machinery industry context. However, Volatility should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Volatility mean?
A high Volatility can signal that a stock is expensive relative to its fundamentals. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Eimco Elecon India and its competitors. Eimco Elecon India's current Volatility is 39.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eimco Elecon India stock overvalued right now?
Based on GuruFocus' analysis, Eimco Elecon India (BOM:523708) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,819.18, compared to a current price of ₹1,749.40 — trading 3.8% below its estimated fair value. The current Volatility is 39.16%. Eimco Elecon India's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Volatility calculated?
Volatility is calculated from a company's financial statements. For Eimco Elecon India (BOM:523708), the current Volatility is 39.16% as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Eimco Elecon India (BOM:523708) Overvalued in 2026?
Based on GuruFocus' analysis, Eimco Elecon India stock appears to be undervalued.
The current stock price of ₹1,749.40 is trading 3.8% below its estimated GF Value™ of ₹1,819.18.
GuruFocus considers Eimco Elecon India to be Fairly Valued.
Key valuation signals for BOM:523708:
Volatility: 39.16%
GF Value™: ₹1,819.18 vs. price of ₹1,749.40 (3.8% below fair value)
No single metric tells the full story. See the BOM:523708 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eimco Elecon India Ltd is engaged in the business of manufacturing and supplying equipment for the mining and construction sector. Its products include Load Haul Dumpers (LHDs), Side Dump Loaders, Coal Haulers, Drilling Equipment, Continuous Miner Package, Chair Lift Man Riding System, UV-A-BE (Fully Battery Operated - Multi Utility Vehicle), and MCAR-E (Fully Battery Operated - Passenger Vehicle). The company operates in one segment, Machinery and Spares. It sells its products in India, which generates the majority of revenue, and also exports them to other countries.
80GF Score
Get the complete analysis for BOM:523708
Volatility is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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