We consider Sahara Midcap unknown risk. Sahara Midcap Bns owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2577 which indicates Sahara Midcap Bns had 0.2577% of return per unit of risk over the last 2 months. Our philosophy towards measuring 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 Sahara Midcap Bns which you can use to evaluate future volatility of the fund. Please validate Sahara Midcap Coefficient Of Variation of
(642.20) and Risk Adjusted Performance of (0.31) to confirm if risk estimate we provide are consistent with the epected return of 0.1577%.
|Horizon||30 Days Login to change|
Sahara Midcap Market Sensitivity
|As returns on market increase, returns on owning Sahara Midcap are expected to decrease at a much smaller rate. During bear market, Sahara Midcap is likely to outperform the market. 2 Months Beta |Analyze Sahara Midcap Bns Demand TrendCheck current 30 days Sahara Midcap correlation with market (DOW)|
β = -0.0378
Sahara Midcap Central Daily Price Deviation
Sahara Midcap Bns Technical Analysis
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Sahara Midcap Projected Return Density Against MarketAssuming 30 trading days horizon, Sahara Midcap Bns has beta of -0.0378 suggesting as returns on benchmark increase, returns on holding Sahara Midcap are expected to decrease at a much smaller rate. During bear market, however, Sahara Midcap Bns is likely to outperform the market. Additionally, Sahara Midcap Bns has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Sahara Midcap is 388.02. The daily returns are destributed with a variance of 0.37 and standard deviation of 0.61. The mean deviation of Sahara Midcap Bns is currently at 0.44. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
|Alpha over DOW||=||0.18|
|Beta against DOW||=||0.04|
Sahara Midcap Return VolatilitySahara Midcap Bns accepts 0.6121% volatility on return distribution over the 30 days horizon. DOW inherits 2.0388% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 2.04 and is 3.34 times more volatile than Sahara Midcap Bns. 5% of all equities and portfolios are less risky than Sahara Midcap. Compared to the overall equity markets, volatility of historical daily returns of Sahara Midcap Bns is lower than 5 (%) of all global equities and portfolios over the last 30 days. Use Sahara Midcap Bns to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Sahara Midcap to be traded at 74.69 in 30 days. . As returns on market increase, returns on owning Sahara Midcap are expected to decrease at a much smaller rate. During bear market, Sahara Midcap is likely to outperform the market.
Sahara Midcap correlation with market