Reliance Money (India) Risk Analysis And Volatility Evaluation

111752 -- India Fund  

INR 1,035  0.67  0.06%

We consider Reliance Money unknown risk. Reliance Money Mgr maintains Sharpe Ratio (i.e. Efficiency) of 0.5774 which implies Reliance Money Mgr had 0.5774% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Reliance Money Mgr which you can use to evaluate future volatility of the fund. Please check Reliance Money Mgr Coefficient Of Variation of 354.7 and Risk Adjusted Performance of 0.286 to confirm if risk estimate we provide are consistent with the epected return of 0.0979%.
Horizon     30 Days    Login   to change

Reliance Money Market Sensitivity

As returns on market increase, Reliance Money returns are expected to increase less than the market. However during bear market, the loss on holding Reliance Money will be expected to be smaller as well.
One Month Beta |Analyze Reliance Money Mgr Demand Trend
Check current 30 days Reliance Money correlation with market (DOW)
β = 0.0064

Reliance Money Central Daily Price Deviation

Reliance Money Mgr Technical Analysis

Transformation
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Reliance Money Projected Return Density Against Market

Assuming 30 trading days horizon, Reliance Money has beta of 0.0064 . This suggests as returns on market go up, Reliance Money average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Reliance Money Mgr Retl Qtr Div will be expected to be much smaller as well. Moreover, Reliance Money Mgr Retl Qtr Div has an alpha of 0.0408 implying that it can potentially generate 0.0408% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Reliance Money is 173.21. The daily returns are destributed with a variance of 0.03 and standard deviation of 0.17. The mean deviation of Reliance Money Mgr Retl Qtr Div is currently at 0.13. For similar time horizon, the selected benchmark (DOW) has volatility of 1.22
α
Alpha over DOW
=0.0408
β
Beta against DOW=0.0064
σ
Overall volatility
=0.17
Ir
Information ratio =0.66

Reliance Money Return Volatility

Reliance Money Mgr Retl Qtr Div accepts 0.1695% volatility on return distribution over the 30 days horizon. DOW inherits 1.1955% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Reliance Money Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Reliance Money Investment Opportunity

DOW has a standard deviation of returns of 1.2 and is 7.06 times more volatile than Reliance Money Mgr Retl Qtr Div. 1% of all equities and portfolios are less risky than Reliance Money. Compared to the overall equity markets, volatility of historical daily returns of Reliance Money Mgr Retl Qtr Div is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use Reliance Money Mgr Retl Qtr Div to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Reliance Money to be traded at 1086.83 in 30 days. As returns on market increase, Reliance Money returns are expected to increase less than the market. However during bear market, the loss on holding Reliance Money will be expected to be smaller as well.

Reliance Money correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Reliance Money Mgr Retl Qtr Di and equity matching DJI index in the same portfolio.

Reliance Money Volatility Indicators

Reliance Money Mgr Retl Qtr Div Current Risk Indicators

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