The entity retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and ICICI Pru are completely uncorrelated. Although it is extremely important to respect ICICI Pru Advisor current price history, it is better to be realistic regarding the information on equity current price movements. The approach towards determining future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting ICICI Pru Advisor technical indicators you can right now evaluate if the expected return of 0.0% will be sustainable into the future.
|Horizon||30 Days Login to change|
ICICI Pru Advisor Relative Risk vs. Return LandscapeIf you would invest 0.00 in ICICI Pru Advisor LT Savings Dir Gr on December 21, 2018 and sell it today you would earn a total of 0.00 from holding ICICI Pru Advisor LT Savings Dir Gr or generate 0.0% return on investment over 30 days. ICICI Pru Advisor LT Savings Dir Gr is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than ICICI Pru and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
ICICI Pru Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted Fund PerformanceOver the last 30 days ICICI Pru Advisor LT Savings Dir Gr has generated negative risk-adjusted returns adding no value to fund investors.