|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 TrendCheck current 30 days Mirae Asset correlation with market (DOW)|
β = 0.5724
Mirae Asset Emerging Technical Analysis
Mirae Asset Projected Return Density Against MarketAssuming 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
Mirae Asset Return VolatilityMirae 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.