Mirae Asset (India) Risk Analysis And Volatility

F00000PD2B -- India Fund  

INR 52.20  0.71  1.38%

Our philosophy towards estimating 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-one technical indicators for Mirae Asset which you can use to evaluate future volatility of the organization. Please verify Mirae Asset Emerging Bluechip Dir Gr Mean Deviation of 1.04, Risk Adjusted Performance of 0.0567 and Downside Deviation of 1.35 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
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.
2 Months Beta |Analyze Mirae Asset Emerging Demand Trend
Check current 30 days Mirae Asset correlation with market (DOW)
β = 0.1028

Mirae Asset Central Daily Price Deviation

Mirae Asset Emerging Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Mirae Asset Projected Return Density Against Market

Assuming 30 trading days horizon, Mirae Asset has beta of 0.1028 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, The company has an alpha of 0.0412 implying that it can potentially generate 0.0412% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0412
β
Beta against DOW=0.10
σ
Overall volatility
=0.00
Ir
Information ratio =0.01

Mirae Asset Return Volatility

the fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.8873% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Mirae Asset Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Mirae Asset Investment Opportunity

DOW has a standard deviation of returns of 1.89 and is 9.223372036854776E16 times more volatile than Mirae Asset Emerging Bluechip Dir Gr. 0% 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 0 (%) of all global equities and portfolios over the last 30 days. Use Mirae Asset Emerging Bluechip Dir Gr to enhance returns of your portfolios. The fund experiences large bullish trend. Check odds of Mirae Asset to be traded at 57.42 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

correlation synergy
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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