|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.One Month Beta |Analyze Canara Robeco InDiGo Demand TrendCheck current 30 days Canara Robeco correlation with market (DOW)|
β = -0.044
Canara Robeco InDiGo Technical Analysis
Canara Robeco Projected Return Density Against MarketAssuming 30 trading days horizon, Canara Robeco InDiGo Dir Gr has beta of -0.044 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, Canara Robeco InDiGo Dir Gr has an alpha of 0.0884 implying that it can potentially generate 0.0884% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Canara Robeco Return VolatilityCanara Robeco InDiGo Dir Gr accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.