We consider Reliance Medium unknown risk. Reliance Medium Term maintains Sharpe Ratio (i.e. Efficiency) of 1.4743 which implies the entity had 1.4743% of return per unit of risk over the last 2 months. Our philosophy towards forecasting 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 Reliance Medium Term which you can use to evaluate future volatility of the fund. Please check Reliance Medium Term Risk Adjusted Performance of 2.04 and Coefficient Of Variation of 68.48 to confirm if risk estimate we provide are consistent with the epected return of 0.044%.
|Horizon||30 Days Login to change|
Reliance Medium Market Sensitivity
|As returns on market increase, returns on owning Reliance Medium are expected to decrease at a much smaller rate. During bear market, Reliance Medium is likely to outperform the market. 2 Months Beta |Analyze Reliance Medium Term Demand TrendCheck current 30 days Reliance Medium correlation with market (DOW)|
β = -0.0038
Reliance Medium Central Daily Price Deviation
Reliance Medium Term Technical Analysis
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Reliance Medium Projected Return Density Against MarketAssuming 30 trading days horizon, Reliance Medium Term Direct Div has beta of -0.0038 suggesting as returns on benchmark increase, returns on holding Reliance Medium are expected to decrease at a much smaller rate. During bear market, however, Reliance Medium Term Direct Div is likely to outperform the market. Moreover, The company has an alpha of 0.0344 implying that it can potentially generate 0.0344% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Reliance Medium is 67.83. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.03. The mean deviation of Reliance Medium Term Direct Div is currently at 0.02. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.0344|
|Beta against DOW||=||0.0038|
Reliance Medium Return Volatilitythe fund accepts 0.0298% volatility on return distribution over the 30 days horizon. the entity inherits 1.8736% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.87 and is 62.33 times more volatile than Reliance Medium Term Direct Div. 0% of all equities and portfolios are less risky than Reliance Medium. Compared to the overall equity markets, volatility of historical daily returns of Reliance Medium Term Direct Div is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Reliance Medium Term Direct Div to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Reliance Medium to be traded at 12.37 in 30 days. . As returns on market increase, returns on owning Reliance Medium are expected to decrease at a much smaller rate. During bear market, Reliance Medium is likely to outperform the market.
Reliance Medium correlation with market