|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 Low Demand TrendCheck current 30 days DHFL Pramerica correlation with market (DOW)|
β = -0.3039
DHFL Pramerica Low Technical Analysis
DHFL Pramerica Projected Return Density Against MarketAssuming 30 trading days horizon, DHFL Pramerica Low Dur Dr Pl Mn Bns has beta of -0.3039 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 Low Dur Dr Pl Mn Bns is likely to outperform the market. Moreover, DHFL Pramerica Low Dur Dr Pl Mn Bns has an alpha of 0.125 implying that it can potentially generate 0.125% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
DHFL Pramerica Return VolatilityDHFL Pramerica Low Dur Dr Pl Mn Bns accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.3947% risk (volatility on return distribution) over the 30 days horizon.