Reliance Tax (India) Manager Performance Evaluation

103196 -- India Fund  

INR 56.89  1.14  2.04%

The fund holds Beta of 0.0 which implies the returns on MARKET and Reliance Tax are completely uncorrelated. Even though it is essential to pay attention to Reliance Tax Saver current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Reliance Tax Saver exposes twenty-one different technical indicators which can help you to evaluate its performance.
Horizon     30 Days    Login   to change

Reliance Tax Saver Relative Risk vs. Return Landscape

If you would invest  5,788  in Reliance Tax Saver Gr on August 24, 2018 and sell it today you would lose (99.00)  from holding Reliance Tax Saver Gr or give up 1.71% of portfolio value over 30 days. Reliance Tax Saver Gr is generating negative expected returns and assumes 2.3843% volatility on return distribution over the 30 days horizon. Simply put, 21% of equities are less volatile than Reliance Tax Saver Gr and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Reliance Tax Saver Gr is expected to under-perform the market. In addition to that, the company is 5.31 times more volatile than its market benchmark. It trades about -0.17 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.39 per unit of volatility.

Reliance Tax Current Valuation

Not valued
September 23, 2018
56.89
Market Value
0.00
Real Value
Target Odds
  
0.00
Upside
Reliance Tax is Unknown risk asset. Reliance Tax Saver recent Real Value cannot be determined due to lack of data. The prevailing price of Reliance Tax Saver is 56.89. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. We determine the value of Reliance Tax Saver from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.

Reliance Tax Market Risk Analysis

Sharpe Ratio = -0.1715
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Reliance Tax Relative Performance Indicators

Estimated Market Risk
 2.38
  actual daily
 
 79 %
of total potential
  
Expected Return
 -0.41
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 -0.17
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average Reliance Tax is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Reliance Tax by adding it to a well-diversified portfolio.

Reliance Tax Performance Rating

Reliance Tax Saver Gr Risk Adjusted Performance Analysis

0 

Risk-Adjusted Fund Performance

Over the last 30 days Reliance Tax Saver Gr has generated negative risk-adjusted returns adding no value to fund investors.

Reliance Tax Alerts

Equity Alerts and Improvement Suggestions

Reliance Tax Saver generates negative expected return over the last 30 days
The fund holds 99.2% of its total net assets in equities
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