|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.One Month Beta |Analyze ICICI Pru Money Demand TrendCheck current 30 days ICICI Pru correlation with market (DOW)|
β = -0.1069
ICICI Pru Money Technical Analysis
ICICI Pru Projected Return Density Against MarketAssuming 30 trading days horizon, ICICI Pru Money Mkt Opt Dir Fr Div has beta of -0.1069 . 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 Money Mkt Opt Dir Fr Div is likely to outperform the market. Moreover, ICICI Pru Money Mkt Opt Dir Fr Div has an alpha of 0.0246 implying that it can potentially generate 0.0246% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
ICICI Pru Return VolatilityICICI Pru Money Mkt Opt Dir Fr Div accepts 0.0298% volatility on return distribution over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.