Canara Robeco (India) Risk Analysis And Volatility Evaluation

113221 -- India Fund  

INR 23.91  0.11  0.46%

We consider Canara Robeco unknown risk. Canara Robeco Large secures Sharpe Ratio (or Efficiency) of 0.5774 which signifies that Canara Robeco Large had 0.5774% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing 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 Canara Robeco Large Cap Reg Gr which you can use to evaluate future volatility of the entity. Please confirm Canara Robeco Large Risk Adjusted Performance of 0.2749 and Mean Deviation of 1.23 to double-check if risk estimate we provide are consistent with the epected return of 0.1541%.
Horizon     30 Days    Login   to change

Canara Robeco Market Sensitivity

As returns on market increase, returns on owning Canara Robeco are expected to decrease at a much smaller rate. During bear market, Canara Robeco is likely to outperform the market.
One Month Beta |Analyze Canara Robeco Large Demand Trend
Check current 30 days Canara Robeco correlation with market (DOW)
β = -0.2231
Canara Robeco Almost negative betaCanara Robeco Large Beta Legend

Canara Robeco Large Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Canara Robeco Projected Return Density Against Market

Assuming 30 trading days horizon, Canara Robeco Large Cap Reg Gr has beta of -0.2231 . This suggests as returns on benchmark increase, returns on holding Canara Robeco are expected to decrease at a much smaller rate. During bear market, however, Canara Robeco Large Cap Reg Gr is likely to outperform the market. In addition to that, Canara Robeco Large Cap Reg Gr has an alpha of 1.0009 implying that it can potentially generate 1.0009% 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 Canara Robeco is 173.21. The daily returns are destributed with a variance of 0.07 and standard deviation of 0.27. The mean deviation of Canara Robeco Large Cap Reg Gr is currently at 0.21. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45
α
Alpha over DOW
=1.00
β
Beta against DOW=0.22
σ
Overall volatility
=0.27
Ir
Information ratio =0.48

Canara Robeco Return Volatility

Canara Robeco Large Cap Reg Gr accepts 0.2669% volatility on return distribution over the 30 days horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Canara Robeco Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Canara Robeco Investment Opportunity

DOW has a standard deviation of returns of 0.44 and is 1.63 times more volatile than Canara Robeco Large Cap Reg Gr. 2% of all equities and portfolios are less risky than Canara Robeco. Compared to the overall equity markets, volatility of historical daily returns of Canara Robeco Large Cap Reg Gr is lower than 2 (%) of all global equities and portfolios over the last 30 days. Use Canara Robeco Large Cap Reg Gr to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Canara Robeco to be traded at 25.11 in 30 days. As returns on market increase, returns on owning Canara Robeco are expected to decrease at a much smaller rate. During bear market, Canara Robeco is likely to outperform the market.

Canara Robeco correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Canara Robeco Large Cap Reg Gr and equity matching DJI index in the same portfolio.

Canara Robeco Volatility Indicators

Canara Robeco Large Cap Reg Gr Current Risk Indicators

Check also Trending Equities. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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