Our philosophy towards foreseeing 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 Axis Income Saver Dir Gr which you can use to evaluate future volatility of the entity. Please confirm Axis Income Saver Downside Deviation of 1.06, Mean Deviation of 0.4639 and Risk Adjusted Performance of 0.0667 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
|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. 2 Months Beta |Analyze Axis Income Saver Demand TrendCheck current 30 days Axis Income correlation with market (DOW)|
β = -0.032
Axis Income Central Daily Price Deviation
Axis Income Saver Technical Analysis
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Axis Income Projected Return Density Against MarketAssuming 30 trading days horizon, Axis Income Saver Dir Gr has beta of -0.032 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, The company has an alpha of 0.0391 implying that it can potentially generate 0.0391% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.0391|
|Beta against DOW||=||0.03|
Axis Income Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.5467% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.55 and is 9.223372036854776E16 times more volatile than Axis Income Saver Dir Gr. 0% 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 0 (%) of all global equities and portfolios over the last 30 days. Use Axis Income Saver Dir Gr to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Axis Income to be traded at 21.26 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