HDFCNIFETF-EQ Stock Performance

HDFCNIFETF-EQ -- India Stock  

INR 1,073  26.94  2.45%

HDFC MUTUAL holds a performance score of 31 on a scale of zero to a hundred. The company retains a Market Volatility (i.e. Beta) of -0.0083, which attests to not very significant volatility relative to the market. Let's try to break down what HDFCNIFETF-EQ's beta means in this case. As returns on the market increase, returns on owning HDFC MUTUAL are expected to decrease at a much lower rate. During the bear market, HDFC MUTUAL is likely to outperform the market. Although it is essential to pay attention to HDFC MUTUAL FUND current price history, it is also good to be reasonable about what you can do with equity current price movements. Our approach into determining future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if HDFC MUTUAL FUND expected return of 1.94 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable. Use HDFC MUTUAL FUND treynor ratio, and the relationship between the standard deviation and downside variance to analyze future returns on HDFC MUTUAL FUND.

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HDFC MUTUAL Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in HDFC MUTUAL FUND are ranked lower than 31 (%) of all global equities and portfolios over the last 30 days. In spite of rather weak fundamental drivers, HDFC MUTUAL exhibited solid returns over the last few months and may actually be approaching a breakup point.
Fifty Two Week Low1,075.07
Fifty Two Week High1,095.00

HDFC MUTUAL Relative Risk vs. Return Landscape

If you would invest  94,304  in HDFC MUTUAL FUND on June 4, 2020 and sell it today you would earn a total of  13,002  from holding HDFC MUTUAL FUND or generate 13.79% return on investment over 30 days. HDFC MUTUAL FUND is generating 1.9372% of daily returns and assumes 4.309% volatility on return distribution over the 30 days horizon. Simply put, 37% of equities are less volatile than HDFC MUTUAL and 65% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 30 trading days horizon, HDFC MUTUAL is expected to generate 2.35 times more return on investment than the market. However, the company is 2.35 times more volatile than its market benchmark. It trades about 0.45 of its potential returns per unit of risk. The DOW is currently generating roughly 0.12 per unit of risk.

HDFC MUTUAL Market Risk Analysis

Sharpe Ratio = 0.4496
Good Returns
Average ReturnsHDFCNIFETF-EQ
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HDFC MUTUAL Stock Performance Indicators

Estimated Market Risk
  actual daily
 37 %
of total potential
Expected Return
  actual daily
 35 %
of total potential
Risk-Adjusted Return
  actual daily
 31 %
of total potential
Based on monthly moving average HDFC MUTUAL is performing at about 31% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of HDFC MUTUAL by adding it to a well-diversified portfolio.

About HDFC MUTUAL Performance

To evaluate HDFC MUTUAL FUND Stock as a possible investment, you need to clearly understand its upside, downside potential, and overall future performance outlook. You may be satisfied when HDFC MUTUAL generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare HDFCNIFETF-EQ's stock performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand HDFC MUTUAL FUND stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents HDFCNIFETF-EQ's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section. Please also refer to our technical analysis and fundamental analysis pages.


Equity Alerts and Improvement Suggestions

HDFC MUTUAL FUND is not yet fully synchronised with the market data
HDFC MUTUAL FUND appears to be very risky and stock price may revert if volatility continues
Please check Risk vs Return Analysis. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page