Macroaxis considers UTI Long unknown risk given 2 months investment horizon. UTI Long Term owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1443 which indicates UTI Long Term had 0.1443% of return per unit of volatility over the last 2 months. Our way in which we are measuring 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 UTI Long Term Equity Dir Div which you can use to evaluate future volatility of the fund. Please operate UTI Long Risk Adjusted Performance of
(0.26) and Coefficient Of Variation of (747.41) to confirm if our risk estimates are consistent with your expectations.
|Horizon||30 Days Login to change|
UTI Long Market Sensitivity
|As returns on market increase, returns on owning UTI Long are expected to decrease at a much smaller rate. During bear market, UTI Long is likely to outperform the market. 2 Months Beta |Analyze UTI Long Term Demand TrendCheck current 30 days UTI Long correlation with market (DOW)|
β = -0.1186
UTI Long Central Daily Price Deviation
UTI Long Term Technical Analysis
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UTI Long Projected Return Density Against MarketAssuming 30 trading days horizon, UTI Long Term Equity Dir Div has beta of -0.1186 suggesting as returns on benchmark increase, returns on holding UTI Long are expected to decrease at a much smaller rate. During bear market, however, UTI Long Term Equity Dir Div is likely to outperform the market. Additionally, UTI Long Term Equity Dir Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of UTI Long is 693.06. The daily returns are destributed with a variance of 2.64 and standard deviation of 1.63. The mean deviation of UTI Long Term Equity Dir Div is currently at 1.01. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
|Alpha over DOW||=||0.37|
|Beta against DOW||=||0.12|
UTI Long Return VolatilityUTI Long Term Equity Dir Div accepts 1.6261% volatility on return distribution over the 30 days horizon. DOW inherits 2.0125% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 2.01 and is 1.23 times more volatile than UTI Long Term Equity Dir Div. 14% of all equities and portfolios are less risky than UTI Long. Compared to the overall equity markets, volatility of historical daily returns of UTI Long Term Equity Dir Div is lower than 14 (%) of all global equities and portfolios over the last 30 days. Use UTI Long Term Equity Dir Div to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of UTI Long to be traded at 24.53 in 30 days. . As returns on market increase, returns on owning UTI Long are expected to decrease at a much smaller rate. During bear market, UTI Long is likely to outperform the market.
UTI Long correlation with market