Axis Income (India) Risk Analysis And Volatility Evaluation

F00000PDMJ -- India Fund  

INR 20.06  0.24  1.18%

Macroaxis considers Axis Income to be unknown risk. Axis Income Saver secures Sharpe Ratio (or Efficiency) of -0.8363 which signifies that Axis Income Saver had -0.8363% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Axis Income Saver Dir Gr exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Axis Income Saver Downside Deviation of 0.5463, Risk Adjusted Performance of 0.0658 and Mean Deviation of 0.2587 to double-check risk estimate we provide.
Horizon     30 Days    Login   to change

Axis Income Market Sensitivity

As returns on market increase, returns on owning Axis Income are expected to decrease at a much smaller rate. During bear market, Axis Income is likely to outperform the market.
One Month Beta |Analyze Axis Income Saver Demand Trend
Check current 30 days Axis Income correlation with market (DOW)
β = -0.0123
Axis Income Almost negative betaAxis Income Saver Beta Legend

Axis Income Saver 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.

Axis Income Projected Return Density Against Market

Assuming 30 trading days horizon, Axis Income Saver Dir Gr has beta of -0.0123 suggesting as returns on benchmark increase, returns on holding Axis Income are expected to decrease at a much smaller rate. During bear market, however, Axis Income Saver Dir Gr is likely to outperform the market. Moreover, Axis Income Saver Dir Gr has an alpha of 0.066 implying that it can potentially generate 0.066% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Axis Income is -119.57. The daily returns are destributed with a variance of 0.37 and standard deviation of 0.61. The mean deviation of Axis Income Saver Dir Gr is currently at 0.45. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.07
β
Beta against DOW=0.01
σ
Overall volatility
=0.61
Ir
Information ratio =0.15

Axis Income Return Volatility

Axis Income Saver Dir Gr accepts 0.6082% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Axis Income Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Axis Income Investment Opportunity

Axis Income Saver Dir Gr has a volatility of 0.61 and is 1.36 times more volatile than DOW. 5% of all equities and portfolios are less risky than Axis Income. Compared to the overall equity markets, volatility of historical daily returns of Axis Income Saver Dir Gr is lower than 5 (%) of all global equities and portfolios over the last 30 days. Use Axis Income Saver Dir Gr to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Axis Income to be traded at 19.46 in 30 days. As returns on market increase, returns on owning Axis Income are expected to decrease at a much smaller rate. During bear market, Axis Income is likely to outperform the market.

Axis Income correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Axis Income Saver Dir Gr and equity matching DJI index in the same portfolio.

Axis Income Volatility Indicators

Axis Income Saver Dir Gr Current Risk Indicators

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