Canara Robeco (India) Risk Analysis And Volatility Evaluation

118300 -- India Fund  

INR 9.35  0.11  1.19%

We consider Canara Robeco unknown risk. Canara Robeco Gold secures Sharpe Ratio (or Efficiency) of 0.2233 which signifies that Canara Robeco Gold had 0.2233% 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 Gold Savings Dir Div which you can use to evaluate future volatility of the entity. Please confirm Canara Robeco Gold Risk Adjusted Performance of 0.04931 and Mean Deviation of 0.2471 to double-check if risk estimate we provide are consistent with the epected return of 0.1631%.
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 Trend
Check current 30 days Canara Robeco correlation with market (DOW)
β = 0.0618
Canara Robeco Small BetaCanara Robeco Gold Beta Legend

Canara Robeco Gold 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 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Canara Robeco is 447.91. The daily returns are destributed with a variance of 0.53 and standard deviation of 0.73. The mean deviation of Canara Robeco Gold Savings Dir Div is currently at 0.51. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45
α
Alpha over DOW
=0.08
β
Beta against DOW=0.06
σ
Overall volatility
=0.73
Ir
Information ratio =0.45

Canara Robeco Return Volatility

Canara 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.
 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

Canara Robeco Gold Savings Dir Div has a volatility of 0.73 and is 1.62 times more volatile than DOW. 6% 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 Gold Savings Dir Div is lower than 6 (%) of all global equities and portfolios over the last 30 days. Use Canara Robeco Gold Savings Dir Div to enhance returns of your portfolios. The fund experiences large bullish trend. Check odds of Canara Robeco to be traded at 10.29 in 30 days. 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.

Canara Robeco correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Canara Robeco Gold Savings Dir and equity matching DJI index in the same portfolio.

Canara Robeco Volatility Indicators

Canara Robeco Gold Savings Dir Div Current Risk Indicators

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