|Horizon||30 Days Login to change|
JPMorgan India Market Sensitivity
|As returns on market increase, returns on owning JPMorgan India are expected to decrease at a much smaller rate. During bear market, JPMorgan India is likely to outperform the market.One Month Beta |Analyze JPMorgan India Govt Demand TrendCheck current 30 days JPMorgan India correlation with market (DOW)|
β = -0.1092
JPMorgan India Govt Technical Analysis
JPMorgan India Projected Return Density Against MarketAssuming 30 trading days horizon, JPMorgan India Govt Sec Reg Ann Div has beta of -0.1092 . This suggests as returns on benchmark increase, returns on holding JPMorgan India are expected to decrease at a much smaller rate. During bear market, however, JPMorgan India Govt Sec Reg Ann Div is likely to outperform the market. Moreover, JPMorgan India Govt Sec Reg Ann Div has an alpha of 0.1081 implying that it can potentially generate 0.1081% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
JPMorgan India Return VolatilityJPMorgan India Govt Sec Reg Ann Div accepts 0.0492% volatility on return distribution over the 30 days horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.