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 Birla Sun Life Gold Fund Dir Gr which you can use to evaluate future volatility of the entity. Please confirm Birla Sun Life Mean Deviation of 1.33, Risk Adjusted Performance of 0.0171 and Downside Deviation of 1.89 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Birla Sun Market Sensitivity
|As returns on market increase, Birla Sun returns are expected to increase less than the market. However during bear market, the loss on holding Birla Sun will be expected to be smaller as well. 2 Months Beta |Analyze Birla Sun Life Demand TrendCheck current 30 days Birla Sun correlation with market (DOW)|
β = 0.1228
Birla Sun Central Daily Price Deviation
Birla Sun Life Technical Analysis
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Birla Sun Projected Return Density Against MarketAssuming 30 trading days horizon, Birla Sun has beta of 0.1228 suggesting as returns on market go up, Birla Sun average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Birla Sun Life Gold Fund Dir Gr will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0155 implying that it can potentially generate 0.0155% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.0155|
|Beta against DOW||=||0.12|
Birla Sun Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.9932% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.99 and is 9.223372036854776E16 times more volatile than Birla Sun Life Gold Fund Dir Gr. 0% 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 Gold Fund Dir Gr is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Birla Sun Life Gold Fund Dir Gr 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 9.94 in 30 days. . As returns on market increase, Birla Sun returns are expected to increase less than the market. However during bear market, the loss on holding Birla Sun will be expected to be smaller as well.
Birla Sun correlation with market