Our philosophy in estimating volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for MNFTY 67 which you can use to evaluate future volatility of the organization. Please verify MNFTY-67 Mean Deviation of 0.7812 and Risk Adjusted Performance of 0.005 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
MNFTY 67 Market Sensitivity
|As returns on market increase, returns on owning MNFTY 67 are expected to decrease at a much smaller rate. During bear market, MNFTY 67 is likely to outperform the market.2 Months Beta |Analyze MNFTY-67 Demand TrendCheck current 30 days MNFTY 67 correlation with market (DOW)|
β = -0.0267
MNFTY 67 Central Daily Price Deviation
MNFTY-67 Technical Analysis
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MNFTY 67 Projected Return Density Against MarketAssuming 30 trading days horizon, MNFTY-67 has beta of -0.0267 indicating as returns on benchmark increase, returns on holding MNFTY 67 are expected to decrease at a much smaller rate. During bear market, however, MNFTY-67 is likely to outperform the market. Additionally, MNFTY-67 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
|Alpha over DOW||=||0.0073|
|Beta against DOW||=||0.03|
MNFTY 67 Return VolatilityMNFTY-67 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3014% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 1.3 and is 9.223372036854776E16 times more volatile than MNFTY-67. 0% of all equities and portfolios are less risky than MNFTY 67. Compared to the overall equity markets, volatility of historical daily returns of MNFTY-67 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use MNFTY-67 to enhance returns of your portfolios. The etf experiences large bullish trend. Check odds of MNFTY 67 to be traded at S6593.4 in 30 days. As returns on market increase, returns on owning MNFTY 67 are expected to decrease at a much smaller rate. During bear market, MNFTY 67 is likely to outperform the market.
MNFTY 67 correlation with market
Please see also Stocks Correlation. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.