|Horizon||30 Days Login to change|
DHFL Pramerica Market Sensitivity
|As returns on market increase, DHFL Pramerica returns are expected to increase less than the market. However during bear market, the loss on holding DHFL Pramerica will be expected to be smaller as well.One Month Beta |Analyze DHFL Pramerica Sht Demand TrendCheck current 30 days DHFL Pramerica correlation with market (DOW)|
β = 0.019
DHFL Pramerica Sht Technical Analysis
DHFL Pramerica Projected Return Density Against MarketAssuming 30 trading days horizon, DHFL Pramerica has beta of 0.019 . This suggests as returns on market go up, DHFL Pramerica average returns are expected to increase less than the benchmark. However during bear market, the loss on holding DHFL Pramerica Sht Mty Gr will be expected to be much smaller as well. Moreover, DHFL Pramerica Sht Mty Gr has an alpha of 0.0648 implying that it can potentially generate 0.0648% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
DHFL Pramerica Return VolatilityDHFL Pramerica Sht Mty Gr accepts 0.1085% volatility on return distribution over the 30 days horizon. DOW inherits 1.0609% risk (volatility on return distribution) over the 30 days horizon.