Mirae Asset (India) Manager Performance Evaluation

F00000213C -- India Fund  

 1,118  1.18  0.11%

The fund secures Beta (Market Risk) of 0.0129 which conveys that as returns on market increase, Mirae Asset returns are expected to increase less than the market. However during bear market, the loss on holding Mirae Asset will be expected to be smaller as well.. Even though it is essential to pay attention to Mirae Asset UST price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Mirae Asset exposes twenty different technical indicators which can help you to evaluate its performance.
Horizon     30 Days    Login   to change

Mirae Asset UST Relative Risk vs. Return Landscape

If you would invest  111,929  in Mirae Asset UST Instl Wk Div on August 24, 2018 and sell it today you would lose (118.00)  from holding Mirae Asset UST Instl Wk Div or give up 0.11% of portfolio value over 30 days. Mirae Asset UST Instl Wk Div is generating negative expected returns and assumes 0.0745% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than Mirae Asset UST Instl Wk Div and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Mirae Asset UST Instl Wk Div is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 6.02 times less risky than the market. the firm trades about -0.71 of its potential returns per unit of risk. The DOW is currently generating roughly 0.39 of returns per unit of risk over similar time horizon.

Mirae Asset Market Risk Analysis

Sharpe Ratio = -0.7071
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Based on monthly moving average Mirae Asset 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 Mirae Asset by adding it to a well-diversified portfolio.

Mirae Asset Performance Rating

Mirae Asset UST Instl Wk Div Risk Adjusted Performance Analysis


Risk-Adjusted Fund Performance

Over the last 30 days Mirae Asset UST Instl Wk Div has generated negative risk-adjusted returns adding no value to fund investors.
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