|Horizon||30 Days Login to change|
Nedgroup Inv Market Sensitivity
|As returns on market increase, returns on owning Nedgroup Inv are expected to decrease at a much smaller rate. During bear market, Nedgroup Inv is likely to outperform the market.One Month Beta |Analyze Nedgroup Inv Funds Demand TrendCheck current 30 days Nedgroup Inv correlation with market (DOW)|
β = -0.0077
Nedgroup Inv Funds Technical Analysis
Nedgroup Inv Projected Return Density Against MarketAssuming 30 trading days horizon, Nedgroup Inv Funds Global Cautious C H has beta of -0.0077 suggesting as returns on benchmark increase, returns on holding Nedgroup Inv are expected to decrease at a much smaller rate. During bear market, however, Nedgroup Inv Funds Global Cautious C H is likely to outperform the market. Moreover, Nedgroup Inv Funds Global Cautious C H has an alpha of 0.0391 implying that it can potentially generate 0.0391% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Nedgroup Inv Return VolatilityNedgroup Inv Funds Global Cautious C H accepts 1.6187% volatility on return distribution over the 30 days horizon. DOW inherits 1.0678% risk (volatility on return distribution) over the 30 days horizon.