Our approach towards determining 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 ICICI Pru Corp which you can use to evaluate future volatility of the entity. Please check out ICICI Pru to validate if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
ICICI Pru Market Sensitivity
|As returns on market increase, returns on owning ICICI Pru are expected to decrease at a much smaller rate. During bear market, ICICI Pru is likely to outperform the market. 2 Months Beta |Analyze ICICI Pru Corp Demand TrendCheck current 30 days ICICI Pru correlation with market (DOW)|
β = -0.0149
ICICI Pru Central Daily Price Deviation
ICICI Pru Corp Technical Analysis
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ICICI Pru Projected Return Density Against MarketAssuming 30 trading days horizon, ICICI Pru Corp Bond B HY Div has beta of -0.0149 . This suggests as returns on benchmark increase, returns on holding ICICI Pru are expected to decrease at a much smaller rate. During bear market, however, ICICI Pru Corp Bond B HY Div is likely to outperform the market. Moreover, The company has an alpha of 0.138 implying that it can potentially generate 0.138% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.14|
|Beta against DOW||=||0.01|
ICICI Pru Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.91 and is 9.223372036854776E16 times more volatile than ICICI Pru Corp Bond B HY Div. 0% of all equities and portfolios are less risky than ICICI Pru. Compared to the overall equity markets, volatility of historical daily returns of ICICI Pru Corp Bond B HY Div is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use ICICI Pru Corp Bond B HY Div to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of ICICI Pru to be traded at 0.0 in 30 days. . As returns on market increase, returns on owning ICICI Pru are expected to decrease at a much smaller rate. During bear market, ICICI Pru is likely to outperform the market.
ICICI Pru correlation with market