|Horizon||30 Days Login to change|
HDFC Multiple Market Sensitivity
|As returns on market increase, HDFC Multiple returns are expected to increase less than the market. However during bear market, the loss on holding HDFC Multiple will be expected to be smaller as well.One Month Beta |Analyze HDFC Multiple Yield Demand TrendCheck current 30 days HDFC Multiple correlation with market (DOW)|
β = 0.0089
HDFC Multiple Yield Technical Analysis
HDFC Multiple Projected Return Density Against MarketAssuming 30 trading days horizon, HDFC Multiple has beta of 0.0089 . This suggests as returns on market go up, HDFC Multiple average returns are expected to increase less than the benchmark. However during bear market, the loss on holding HDFC Multiple Yield 2005 Div will be expected to be much smaller as well. Moreover, HDFC Multiple Yield 2005 Div has an alpha of 0.1128 implying that it can potentially generate 0.1128% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
HDFC Multiple Return VolatilityHDFC Multiple Yield 2005 Div accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.