We consider DHFL Pramerica not too risky. DHFL Pramerica Low secures Sharpe Ratio (or Efficiency) of 0.3613 which denotes the fund had 0.3613% of return per unit of return volatility over the last 2 months. Our approach into predicting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty technical indicators for DHFL Pramerica Low Dur Instl Gr which you can use to evaluate future volatility of the entity. Please confirm DHFL Pramerica Low Mean Deviation of 0.1245 and Coefficient Of Variation of 250.02 to check if risk estimate we provide are consistent with the epected return of 0.0281%.
|Horizon||30 Days Login to change|
DHFL Pramerica Market Sensitivity
|As returns on market increase, returns on owning DHFL Pramerica are expected to decrease at a much smaller rate. During bear market, DHFL Pramerica is likely to outperform the market. 2 Months Beta |Analyze DHFL Pramerica Low Demand TrendCheck current 30 days DHFL Pramerica correlation with market (DOW)|
β = -0.0258
DHFL Pramerica Central Daily Price Deviation
DHFL Pramerica Low Technical Analysis
DHFL Pramerica Projected Return Density Against MarketAssuming 30 trading days horizon, DHFL Pramerica Low Dur Instl Gr has beta of -0.0258 suggesting as returns on benchmark increase, returns on holding DHFL Pramerica are expected to decrease at a much smaller rate. During bear market, however, DHFL Pramerica Low Dur Instl Gr is likely to outperform the market. Moreover, The company has an alpha of 0.0815 implying that it can potentially generate 0.0815% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of DHFL Pramerica is 276.75. The daily returns are destributed with a variance of 0.01 and standard deviation of 0.08. The mean deviation of DHFL Pramerica Low Dur Instl Gr is currently at 0.04. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.08|
|Beta against DOW||=||0.03|
DHFL Pramerica Return Volatilitythe fund accepts 0.0779% volatility on return distribution over the 30 days horizon. the entity inherits 1.8419% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.84 and is 23.0 times more volatile than DHFL Pramerica Low Dur Instl Gr. 0% of all equities and portfolios are less risky than DHFL Pramerica. Compared to the overall equity markets, volatility of historical daily returns of DHFL Pramerica Low Dur Instl Gr is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use DHFL Pramerica Low Dur Instl Gr to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of DHFL Pramerica to be traded at 23.94 in 30 days. . As returns on market increase, returns on owning DHFL Pramerica are expected to decrease at a much smaller rate. During bear market, DHFL Pramerica is likely to outperform the market.
DHFL Pramerica correlation with market