Macroaxis considers Birla Sun to be not too risky. Birla Sun Life secures Sharpe Ratio (or Efficiency) of -0.014 which signifies that the fund had -0.014% of return per unit of risk over the last 2 months. 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. Birla Sun Life Gilt Plus PF Dir Qt Div exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Birla Sun Life Downside Deviation of 0.2314, Risk Adjusted Performance of
(0.06) and Mean Deviation of 0.1048 to double-check risk estimate we provide.
|Horizon||30 Days Login to change|
Birla Sun Market Sensitivity
|As returns on market increase, returns on owning Birla Sun are expected to decrease at a much smaller rate. During bear market, Birla Sun is likely to outperform the market. 2 Months Beta |Analyze Birla Sun Life Demand TrendCheck current 30 days Birla Sun correlation with market (DOW)|
β = -0.0068
Birla Sun Central Daily Price Deviation
Birla Sun Life Technical Analysis
Birla Sun Projected Return Density Against MarketAssuming 30 trading days horizon, Birla Sun Life Gilt Plus PF Dir Qt Div has beta of -0.0068 suggesting as returns on benchmark increase, returns on holding Birla Sun are expected to decrease at a much smaller rate. During bear market, however, Birla Sun Life Gilt Plus PF Dir Qt Div is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Birla Sun Life is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Birla Sun is -7122.0. The daily returns are destributed with a variance of 0.03 and standard deviation of 0.17. The mean deviation of Birla Sun Life Gilt Plus PF Dir Qt Div is currently at 0.11. For similar time horizon, the selected benchmark (DOW) has volatility of 1.74
|Alpha over DOW||=||0.0048|
|Beta against DOW||=||0.0068|
Birla Sun Return Volatilitythe fund accepts 0.1666% 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 9.12 times more volatile than Birla Sun Life Gilt Plus PF Dir Qt Div. 1% of all equities and portfolios are less risky than Birla Sun. Compared to the overall equity markets, volatility of historical daily returns of Birla Sun Life Gilt Plus PF Dir Qt Div is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use Birla Sun Life Gilt Plus PF Dir Qt Div to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Birla Sun to be traded at 10.63 in 30 days. . As returns on market increase, returns on owning Birla Sun are expected to decrease at a much smaller rate. During bear market, Birla Sun is likely to outperform the market.
Birla Sun correlation with market