|Horizon||30 Days Login to change|
IDFC Banking Market Sensitivity
|As returns on market increase, returns on owning IDFC Banking are expected to decrease at a much smaller rate. During bear market, IDFC Banking is likely to outperform the market.One Month Beta |Analyze IDFC Banking Debt Demand TrendCheck current 30 days IDFC Banking correlation with market (DOW)|
β = -0.0062
IDFC Banking Debt Technical Analysis
IDFC Banking Projected Return Density Against MarketAssuming 30 trading days horizon, IDFC Banking Debt Dir Div has beta of -0.0062 suggesting as returns on benchmark increase, returns on holding IDFC Banking are expected to decrease at a much smaller rate. During bear market, however, IDFC Banking Debt Dir Div is likely to outperform the market. Moreover, IDFC Banking Debt Dir Div has an alpha of 0.0432 implying that it can potentially generate 0.0432% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
IDFC Banking Return VolatilityIDFC Banking Debt Dir Div accepts 0.3874% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.