|Horizon||30 Days Login to change|
Birla Sun Market Sensitivity
|As returns on market increase, returns on owning Birla Sun are expected to decrease at a much smaller rate. During bear market, Birla Sun is likely to outperform the market.One Month Beta |Analyze Birla Sun Life Demand TrendCheck current 30 days Birla Sun correlation with market (DOW)|
β = -0.3319
Birla Sun Life Technical Analysis
Birla Sun Projected Return Density Against MarketAssuming 30 trading days horizon, Birla Sun Life Frontline Equity Dir Gr has beta of -0.3319 . This suggests as returns on benchmark increase, returns on holding Birla Sun are expected to decrease at a much smaller rate. During bear market, however, Birla Sun Life Frontline Equity Dir Gr is likely to outperform the market. Moreover, Birla Sun Life Frontline Equity Dir Gr has an alpha of 0.2835 implying that it can potentially generate 0.2835% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Birla Sun Return VolatilityBirla Sun Life Frontline Equity Dir Gr accepts 1.3596% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.