The entity has beta of 0.0 which indicates the returns on MARKET and SBI Magnum are completely uncorrelated. Although it is extremely important to respect SBI Magnum Tax
current price movements, it is better to be realistic regarding the information on equity historical returns. The way of measuring future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing SBI Magnum Tax technical indicators
you can today evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Over the last 30 days SBI Magnum Tax Gain 93 Reg Gr has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, SBI Magnum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Fifty Two Week Low||125.94|
|Fifty Two Week High||147.65|
|Annual Report Expense Ratio||0.65%|
SBI Magnum Tax Relative Risk vs. Return Landscape
If you would invest (100.00)
in SBI Magnum Tax Gain 93 Reg Gr on May 16, 2019
and sell it today you would earn a total of 100.00
from holding SBI Magnum Tax Gain 93 Reg Gr or generate -100.0%
return on investment over 30
days. SBI Magnum Tax Gain 93 Reg Gr is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than SBI Magnum and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
SBI Magnum Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average SBI Magnum is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SBI Magnum
by adding it to a well-diversified