Mirae Asset (India) Manager Performance Evaluation

F00000PD2B -- India Fund  

INR 53.08  1.24  2.39%

The fund secures Beta (Market Risk) of 0.5724 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 Emerging 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-one different technical indicators which can help you to evaluate its performance.
Horizon     30 Days    Login   to change

Mirae Asset Emerging Relative Risk vs. Return Landscape

If you would invest  5,450  in Mirae Asset Emerging Bluechip Dir Gr on August 26, 2018 and sell it today you would lose (266.00)  from holding Mirae Asset Emerging Bluechip Dir Gr or give up 4.88% of portfolio value over 30 days. Mirae Asset Emerging Bluechip Dir Gr is generating negative expected returns and assumes 1.4308% volatility on return distribution over the 30 days horizon. Simply put, 13% of equities are less volatile than Mirae Asset Emerging Bluechip Dir Gr 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 Emerging Bluechip Dir Gr is expected to under-perform the market. In addition to that, the company is 3.15 times more volatile than its market benchmark. It trades about -0.86 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.22 per unit of volatility.

Mirae Asset Current Valuation

Not valued
September 25, 2018
53.08
Market Value
0.00
Real Value
Target Odds
  
0.00
Upside
Mirae Asset is Unknown risk asset. Mirae Asset Emerging last-minute Real Value cannot be determined due to lack of data. The latest price of Mirae Asset Emerging is 53.08. Based on Macroaxis valuation methodology, the organization cannot be evaluated at this time. We determine the value of Mirae Asset Emerging from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend to purchase undervalued stocks and to get rid of overvalued stocks since at some point entities prices and their ongoing real values will merge together.

Mirae Asset Market Risk Analysis

Sharpe Ratio = -0.8635
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Mirae Asset Relative Performance Indicators

Estimated Market Risk
 1.43
  actual daily
 
 87 %
of total potential
  
Expected Return
 -1.24
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 -0.86
  actual daily
 
 1 %
of total potential
  
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 Emerging Bluechip Dir Gr Risk Adjusted Performance Analysis

0 

Risk-Adjusted Fund Performance

Over the last 30 days Mirae Asset Emerging Bluechip Dir Gr has generated negative risk-adjusted returns adding no value to fund investors.

Mirae Asset Alerts

Equity Alerts and Improvement Suggestions

Mirae Asset Emerging generates negative expected return over the last 30 days
The fund retains about 6.76% of its assets under management (AUM) in cash
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