DOW has a standard deviation of returns of 0.42 and is 9.223372036854776E16 times more volatile than HDFC Mutual Fund. 0%
of all equities and portfolios are less risky than HDFC Mutual. Compared to the overall equity markets, volatility of historical daily returns of HDFC Mutual Fund is lower than 0 (%)
of all global equities and portfolios over the last 30 days. Use HDFC Mutual Fund to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of HDFC Mutual to be traded at 9.9 in 30 days
. As returns on market increase, returns on owning HDFC Mutual are expected to decrease by larger amounts. On the other hand, during market turmoil, HDFC Mutual is expected to significantly outperform it.
HDFC Mutual correlation with market
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding HDFC Mutual Fund and equity matching DJI index in the same portfolio.