Mirae Asset (India) Risk Analysis And Volatility Evaluation

F00000PD2B -- India Fund  

INR 50.46  0.00  0.00%

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 Downside Deviation of 1.54, Mean Deviation of 1.48 and Risk Adjusted Performance of 0.1056 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.
One Month Beta |Analyze Mirae Asset Emerging Demand Trend
Check current 30 days Mirae Asset correlation with market (DOW)
β = 0.186

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 0.186 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 0.2071 implying that it can potentially generate 0.2071% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.21
β
Beta against DOW=0.19
σ
Overall volatility
=0.00
Ir
Information ratio =0.11

Mirae Asset Return Volatility

Mirae Asset Emerging Bluechip Dir Gr accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3198% 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

Insignificant

Investment Outlook

Mirae Asset Investment Opportunity

DOW has a standard deviation of returns of 1.32 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 protect against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Mirae Asset to be traded at 49.96 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
Significant 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

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