Our philosophy in predicting 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 Franklin India ST Income Dir Qt Div which you can use to evaluate future volatility of the entity. Please confirm Franklin India ST Mean Deviation of 0.2661, Semi Deviation of 0.6442 and Downside Deviation of 0.9293 to check if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Franklin India Market Sensitivity
|As returns on market increase, returns on owning Franklin India are expected to decrease at a much smaller rate. During bear market, Franklin India is likely to outperform the market. 2 Months Beta |Analyze Franklin India ST Demand TrendCheck current 30 days Franklin India correlation with market (DOW)|
β = -0.0089
Franklin India Central Daily Price Deviation
Franklin India ST Technical Analysis
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Franklin India Projected Return Density Against MarketAssuming 30 trading days horizon, Franklin India ST Income Dir Qt Div has beta of -0.0089 suggesting as returns on benchmark increase, returns on holding Franklin India are expected to decrease at a much smaller rate. During bear market, however, Franklin India ST Income Dir Qt Div is likely to outperform the market. Moreover, The company has an alpha of 0.0067 implying that it can potentially generate 0.0067% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.0067|
|Beta against DOW||=||0.0089|
Franklin India Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.91 and is 9.223372036854776E16 times more volatile than Franklin India ST Income Dir Qt Div. 0% of all equities and portfolios are less risky than Franklin India. Compared to the overall equity markets, volatility of historical daily returns of Franklin India ST Income Dir Qt Div is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Franklin India ST Income Dir Qt Div to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Franklin India to be traded at 1416.22 in 30 days. . As returns on market increase, returns on owning Franklin India are expected to decrease at a much smaller rate. During bear market, Franklin India is likely to outperform the market.
Franklin India correlation with market