|Horizon||30 Days Login to change|
Edelweiss ELSS Market Sensitivity
|As returns on market increase, returns on owning Edelweiss ELSS are expected to decrease at a much smaller rate. During bear market, Edelweiss ELSS is likely to outperform the market.One Month Beta |Analyze Edelweiss ELSS Dir Demand TrendCheck current 30 days Edelweiss ELSS correlation with market (DOW)|
β = -0.1159
Edelweiss ELSS Dir Technical Analysis
Edelweiss ELSS Projected Return Density Against MarketAssuming 30 trading days horizon, Edelweiss ELSS Dir Gr has beta of -0.1159 suggesting as returns on benchmark increase, returns on holding Edelweiss ELSS are expected to decrease at a much smaller rate. During bear market, however, Edelweiss ELSS Dir Gr is likely to outperform the market. Moreover, Edelweiss ELSS Dir Gr has an alpha of 0.0056 implying that it can potentially generate 0.0056% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Edelweiss ELSS Return VolatilityEdelweiss ELSS Dir Gr accepts 2.2988% volatility on return distribution over the 30 days horizon. DOW inherits 0.3947% risk (volatility on return distribution) over the 30 days horizon.