|Horizon||30 Days Login to change|
Canara Robeco Market Sensitivity
|As returns on market increase, Canara Robeco returns are expected to increase less than the market. However during bear market, the loss on holding Canara Robeco will be expected to be smaller as well.One Month Beta |Analyze Canara Robeco Gold Demand TrendCheck current 30 days Canara Robeco correlation with market (DOW)|
β = 0.0618
Canara Robeco Gold Technical Analysis
Canara Robeco Projected Return Density Against MarketAssuming 30 trading days horizon, Canara Robeco has beta of 0.0618 . This suggests as returns on market go up, Canara Robeco average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Canara Robeco Gold Savings Dir Div will be expected to be much smaller as well. Additionally, Canara Robeco Gold Savings Dir Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Canara Robeco Return VolatilityCanara Robeco Gold Savings Dir Div accepts 0.7304% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.