|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 TrendCheck current 30 days Axis Income correlation with market (DOW)|
β = -0.0123
Axis Income Saver Technical Analysis
Axis Income Projected Return Density Against MarketAssuming 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
Axis Income Return VolatilityAxis 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.