DHFL Pramerica (India) Risk Analysis And Volatility Evaluation

F00000PSMF -- India Fund  

INR 12.89  0.00  0.00%

Our approach into predicting 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-one technical indicators for DHFL Pramerica Gilt Dr Pl HY Bns which you can use to evaluate future volatility of the entity. Please confirm DHFL Pramerica Gilt Mean Deviation of 0.0639 to check if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

DHFL Pramerica Market Sensitivity

As returns on market increase, returns on owning DHFL Pramerica are expected to decrease at a much smaller rate. During bear market, DHFL Pramerica is likely to outperform the market.
One Month Beta |Analyze DHFL Pramerica Gilt Demand Trend
Check current 30 days DHFL Pramerica correlation with market (DOW)
β = -0.0248
DHFL Pramerica Almost negative betaDHFL Pramerica Gilt Beta Legend

DHFL Pramerica Gilt Technical Analysis

Transformation
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DHFL Pramerica Projected Return Density Against Market

Assuming 30 trading days horizon, DHFL Pramerica Gilt Dr Pl HY Bns has beta of -0.0248 suggesting as returns on benchmark increase, returns on holding DHFL Pramerica are expected to decrease at a much smaller rate. During bear market, however, DHFL Pramerica Gilt Dr Pl HY Bns is likely to outperform the market. Moreover, DHFL Pramerica Gilt Dr Pl HY Bns has an alpha of 0.0152 implying that it can potentially generate 0.0152% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0152
β
Beta against DOW=0.02
σ
Overall volatility
=0.00
Ir
Information ratio =0.95

DHFL Pramerica Return Volatility

DHFL Pramerica Gilt Dr Pl HY Bns accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.211% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

DHFL Pramerica Investment Opportunity

DOW has a standard deviation of returns of 1.21 and is 9.223372036854776E16 times more volatile than DHFL Pramerica Gilt Dr Pl HY Bns. 0% of all equities and portfolios are less risky than DHFL Pramerica. Compared to the overall equity markets, volatility of historical daily returns of DHFL Pramerica Gilt Dr Pl HY Bns is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use DHFL Pramerica Gilt Dr Pl HY Bns to protect 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 DHFL Pramerica to be traded at 12.76 in 30 days. As returns on market increase, returns on owning DHFL Pramerica are expected to decrease at a much smaller rate. During bear market, DHFL Pramerica is likely to outperform the market.

DHFL Pramerica correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding DHFL Pramerica Gilt Dr Pl HY B and equity matching DJI index in the same portfolio.

DHFL Pramerica Volatility Indicators

DHFL Pramerica Gilt Dr Pl HY Bns Current Risk Indicators

Additionally see Investing Opportunities. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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