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 technical indicators for Canara Robeco InDiGo Dir Gr which you can use to evaluate future volatility of the entity. Please confirm Canara Robeco InDiGo Coefficient Of Variation of 780.23, Risk Adjusted Performance of 0.1799 and Mean Deviation of 0.1519 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Canara Robeco Market Sensitivity
|As returns on market increase, returns on owning Canara Robeco are expected to decrease at a much smaller rate. During bear market, Canara Robeco is likely to outperform the market. 2 Months Beta |Analyze Canara Robeco InDiGo Demand TrendCheck current 30 days Canara Robeco correlation with market (DOW)|
β = -0.0069
Canara Robeco Central Daily Price Deviation
Canara Robeco InDiGo Technical Analysis
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Canara Robeco Projected Return Density Against MarketAssuming 30 trading days horizon, Canara Robeco InDiGo Dir Gr has beta of -0.0069 suggesting as returns on benchmark increase, returns on holding Canara Robeco are expected to decrease at a much smaller rate. During bear market, however, Canara Robeco InDiGo Dir Gr is likely to outperform the market. Moreover, The company has an alpha of 0.0288 implying that it can potentially generate 0.0288% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.0288|
|Beta against DOW||=||0.0069|
Canara Robeco Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.9256% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.93 and is 9.223372036854776E16 times more volatile than Canara Robeco InDiGo Dir Gr. 0% of all equities and portfolios are less risky than Canara Robeco. Compared to the overall equity markets, volatility of historical daily returns of Canara Robeco InDiGo Dir Gr is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Canara Robeco InDiGo Dir Gr to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Canara Robeco to be traded at 15.43 in 30 days. . As returns on market increase, returns on owning Canara Robeco are expected to decrease at a much smaller rate. During bear market, Canara Robeco is likely to outperform the market.
Canara Robeco correlation with market