Canara HSBC (India) Fund

Canara HSBC is selling at 27.44 as of the 18th of September 2021; that is -0.87% down since the beginning of the trading day. The fund's lowest day price was 27.44. Equity ratings for Canara HSBC Oriental are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of July 2021 and ending today, the 18th of September 2021. Click here to learn more.

Canara HSBC Fund Profile

This Fund adopts a relatively balanced approach towards bonds and equities exposure with the objective of achieving capital appreciation with minimal short-term performance volatility. Canara HSBC is traded on Bombay Stock Exchange in India. more on Canara HSBC
Canara HSBC Oriental is not yet fully synchronised with the market data
Canara HSBC Oriental is unlikely to experience financial distress in the next 2 years
The fund holds about 43.81% of its total net assets in fixed income securities
Legal NameCanara HSBC Oriental
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Canara HSBC's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
Startdate1st of July 2010
Canara HSBC Oriental [0P0000SEL8] is traded in India and was established 18th of September 2021. The fund is listed under Moderate Allocation category and is part of Canara HSBC Orient BankofCom Life Ins Co family. Canara HSBC Oriental presently has accumulated 3.32 B in total net assets with minimum initial investment of 0.
Check Canara HSBC Probability Of Bankruptcy

Canara HSBC Target Price Odds Analysis

What are Canara HSBC's target price odds to finish over the current price? In regard to a normal probability distribution, the odds of Canara HSBC jumping above the current price in 90 days from now is roughly 2.43%. The Canara HSBC Oriental probability density function shows the probability of Canara HSBC fund to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Canara HSBC Oriental has a beta of -0.1064. This suggests as returns on benchmark increase, returns on holding Canara HSBC are expected to decrease at a much lower rate. During the bear market, however, Canara HSBC Oriental is likely to outperform the market. Additionally, the company has an alpha of 0.1571, implying that it can generate a 0.16 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 27.44HorizonTargetOdds Up 27.44 
97.51%90 days
 27.44 
2.43%
Based on a normal probability distribution, the odds of Canara HSBC to move above the current price in 90 days from now is roughly 2.43 (This Canara HSBC Oriental probability density function shows the probability of Canara Fund to fall within a particular range of prices over 90 days) .

Canara HSBC Oriental Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Canara HSBC market risk premium is the additional return an investor will receive from holding Canara HSBC 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 Canara HSBC. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Canara HSBC's alpha and beta are two of the key measurements used to evaluate Canara HSBC's performance over the market, the standard measures of volatility play an important role as well.

Canara HSBC Against Markets

Picking the right benchmark for Canara HSBC fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Canara HSBC fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Canara HSBC is critical whether you are bullish or bearish towards Canara HSBC Oriental at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Canara HSBC fund to make a market-neutral strategy. Peer analysis of Canara HSBC could also be used in its relative valuation, which is a method of valuing Canara HSBC by comparing valuation metrics with similar companies.
Please continue to Trending Equities. Note that the Canara HSBC Oriental information on this page should be used as a complementary analysis to other Canara HSBC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Other Tools for Canara Fund

When running Canara HSBC Oriental price analysis, check to measure Canara HSBC'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 Canara HSBC is operating at the current time. Most of Canara HSBC's value examination focuses on studying past and present price action to predict the probability of Canara HSBC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Canara HSBC's price. Additionally, you may evaluate how the addition of Canara HSBC to your portfolios can decrease your overall portfolio volatility.
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