Reliance Gold (India) Risk Analysis And Volatility Evaluation

RELIANCEGOLD -- India Fund  

INR 13.05  0.20  1.51%

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 Gold Savings which you can use to evaluate future volatility of the fund. Please check Reliance Gold Savings Coefficient Of Variation of 947.65 and Risk Adjusted Performance of 0.14 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

Reliance Gold Market Sensitivity

As returns on market increase, returns on owning Reliance Gold are expected to decrease at a much smaller rate. During bear market, Reliance Gold is likely to outperform the market.
One Month Beta |Analyze Reliance Gold Savings Demand Trend
Check current 30 days Reliance Gold correlation with market (DOW)
β = -0.0802

Reliance Gold Central Daily Price Deviation

Reliance Gold Savings Technical Analysis

Transformation
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Reliance Gold Projected Return Density Against Market

Assuming 30 trading days horizon, Reliance Gold Savings Gr has beta of -0.0802 . This implies as returns on benchmark increase, returns on holding Reliance Gold are expected to decrease at a much smaller rate. During bear market, however, Reliance Gold Savings Gr is likely to outperform the market. Additionally, Reliance Gold Savings Gr 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 
      Returns 
α
Alpha over DOW
=0.08
β
Beta against DOW=0.08
σ
Overall volatility
=0.00
Ir
Information ratio =0.08

Reliance Gold Return Volatility

Reliance Gold Savings Gr accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.1779% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Reliance Gold Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Reliance Gold Investment Opportunity

DOW has a standard deviation of returns of 1.18 and is 9.223372036854776E16 times more volatile than Reliance Gold Savings Gr. 0% of all equities and portfolios are less risky than Reliance Gold. Compared to the overall equity markets, volatility of historical daily returns of Reliance Gold Savings Gr is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Reliance Gold Savings Gr to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Reliance Gold to be traded at 12.66 in 30 days. As returns on market increase, returns on owning Reliance Gold are expected to decrease at a much smaller rate. During bear market, Reliance Gold is likely to outperform the market.

Reliance Gold correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Reliance Gold Savings Gr and equity matching DJI index in the same portfolio.

Reliance Gold Volatility Indicators

Reliance Gold Savings Gr Current Risk Indicators

Additionally take a look at Your Equity Center. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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