Mirae Asset (India) Risk Analysis And Volatility Evaluation

F00000PD2B -- India Fund  

INR 51.84  1.24  2.34%

Macroaxis considers Mirae Asset to be unknown risk. Mirae Asset Emerging has Sharpe Ratio of -0.8635 which conveys that Mirae Asset Emerging had -0.8635% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Mirae Asset exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Mirae Asset Emerging Bluechip Dir Gr Downside Deviation of 1.16, Mean Deviation of 1.07 and Risk Adjusted Performance of 0.0505 to check out risk estimate we provide.
Horizon     30 Days    Login   to change

Mirae Asset Market Sensitivity

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.
One Month Beta |Analyze Mirae Asset Emerging Demand Trend
Check current 30 days Mirae Asset correlation with market (DOW)
β = 0.5724
Mirae Asset Small BetaMirae Asset Emerging Beta Legend

Mirae Asset Emerging Technical Analysis

Transformation
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Mirae Asset Projected Return Density Against Market

Assuming 30 trading days horizon, Mirae Asset has beta of 0.5724 suggesting as returns on market go up, Mirae Asset average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Mirae Asset Emerging Bluechip Dir Gr will be expected to be much smaller as well. Moreover, Mirae Asset Emerging Bluechip Dir Gr has an alpha of 0.0925 implying that it can potentially generate 0.0925% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Mirae Asset is -115.81. The daily returns are destributed with a variance of 2.05 and standard deviation of 1.43. The mean deviation of Mirae Asset Emerging Bluechip Dir Gr is currently at 1.24. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.09
β
Beta against DOW=0.57
σ
Overall volatility
=1.43
Ir
Information ratio =0.0137

Mirae Asset Return Volatility

Mirae Asset Emerging Bluechip Dir Gr accepts 1.4308% volatility on return distribution over the 30 days horizon. DOW inherits 0.4303% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Mirae Asset Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Mirae Asset Investment Opportunity

Mirae Asset Emerging Bluechip Dir Gr has a volatility of 1.43 and is 3.33 times more volatile than DOW. 13% of all equities and portfolios are less risky than Mirae Asset. Compared to the overall equity markets, volatility of historical daily returns of Mirae Asset Emerging Bluechip Dir Gr is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use Mirae Asset Emerging Bluechip Dir Gr to protect against small markets fluctuations. The fund experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Mirae Asset to be traded at 49.77 in 30 days. 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.

Mirae Asset correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Mirae Asset Emerging Bluechip and equity matching DJI index in the same portfolio.

Mirae Asset Volatility Indicators

Mirae Asset Emerging Bluechip Dir Gr Current Risk Indicators

Additionally see Investing Opportunities. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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