The entity has beta of 0.0882 which indicates as returns on market increase, SBI Magnum returns are expected to increase less than the market. However during bear market, the loss on holding SBI Magnum will be expected to be smaller as well. . 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 0.0513% will be sustainable into the future.
|Horizon||30 Days Login to change|
SBI Magnum Tax Relative Risk vs. Return LandscapeIf you would invest 13,661 in SBI Magnum Tax Gain 93 Reg Gr on December 17, 2018 and sell it today you would earn a total of 273.00 from holding SBI Magnum Tax Gain 93 Reg Gr or generate 2.0% return on investment over 30 days. SBI Magnum Tax Gain 93 Reg Gr is generating 0.0513% of daily returns and assumes 0.7933% volatility on return distribution over the 30 days horizon. Simply put, 7% of equities are less volatile than SBI Magnum Tax 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 Current Valuation
SBI Magnum is not too risky asset. SBI Magnum Tax has current Real Value of 121.92 per share. The regular price of the fund is 139.34. At this time the entity appears to be overvalued. We determine the value of SBI Magnum Tax from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend to buy undervalued stocks and to dispose of overvalued stocks since in the future securities prices and their ongoing real values will draw towards each other.
SBI Magnum Market Risk Analysis
Sharpe Ratio = 0.0647
SBI Magnum Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceCompared to the overall equity markets, risk-adjusted returns on investments in SBI Magnum Tax Gain 93 Reg Gr are ranked lower than 4 (%) of all funds and portfolios of funds over the last 30 days.
|The fund retains about 8.6% of its assets under management (AUM) in cash|
|Fifty Two Week Low||125.9450|
|Fifty Two Week High||155.0550|
|Annual Report Expense Ratio||2.25%|