SBI Magnum (India) Manager Performance Evaluation

0P0000XVL3 -  India Fund  

INR 70.39  2.99  4.07%

The entity has a beta of -0.0916, which indicates not very significant fluctuations relative to the market. Let's try to break down what 0P0000XVL3's beta means in this case. As returns on the market increase, returns on owning SBI Magnum are expected to decrease at a much lower rate. During the bear market, SBI Magnum is likely to outperform the market. Although it is extremely important to respect SBI Magnum Long current price movements, it is better to be realistic regarding the information on equity historical returns. The way of measuring future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing SBI Magnum Long technical indicators, you can today evaluate if the expected return of 0.15% will be sustainable into the future.

0P0000XVL3 Fund Performance 

 
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 0P0000XVL3 Performance
10 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in SBI Magnum Long are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, SBI Magnum may actually be approaching a critical reversion point that can send shares even higher in November 2021.
Fifty Two Week Low29.97
Fifty Two Week High59.99
Annual Report Expense Ratio1.50%

SBI Magnum Relative Risk vs. Return Landscape

If you would invest  6,561  in SBI Magnum Long on July 25, 2021 and sell it today you would earn a total of  478.00  from holding SBI Magnum Long or generate 7.29% return on investment over 90 days. SBI Magnum Long is generating 0.1486% of daily returns and assumes 1.0016% volatility on return distribution over the 90 days horizon. Simply put, 8% of funds are less volatile than 0P0000XVL3, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days trading horizon SBI Magnum is expected to generate 1.42 times more return on investment than the market. However, the company is 1.42 times more volatile than its market benchmark. It trades about 0.15 of its potential returns per unit of risk. The DOW is currently generating roughly 0.04 per unit of risk.

SBI Magnum Current Valuation

Fairly Valued
Today
70.39
23rd of October 2021
Share
Please note that SBI Magnum's price fluctuation is very steady at this time.
SBI Magnum Long has a current Real Value of 70.13 per share. The regular price of the fund is 70.39. At this time, the entity appears to be fairly valued. We determine the value of SBI Magnum Long from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued stocks and dropping overvalued stocks since, in the future, stock prices and their ongoing real values will draw towards each other.
Our valuation method for SBI Magnum Long is useful when determining the fair value of the 0P0000XVL3 fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of SBI Magnum. Since SBI Magnum is currently traded on the exchange, buyers and sellers on that exchange determine the market value of 0P0000XVL3 Fund. However, SBI Magnum's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
70.13
Real Value
71.13
Upside
Estimating the potential upside or downside of SBI Magnum Long helps investors to forecast how 0P0000XVL3 fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of SBI Magnum more accurately as focusing exclusively on SBI Magnum's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
69.9772.4975.00
Details
Hype
Prediction
LowEstimated ValueHigh
69.3970.3971.39
Details
Naive
Forecast
LowNext ValueHigh
71.9572.9573.95
Details

SBI Magnum Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for SBI Magnum's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as SBI Magnum Long, and traders can use it to determine the average amount a SBI Magnum's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1483

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Cash0P0000XVL3Average
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Estimated Market Risk
 1.0
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 0.15
  actual daily
 
 2 %
of total potential
 
22
Risk-Adjusted Return
 0.15
  actual daily
 
 10 %
of total potential
 
1010
Based on monthly moving average SBI Magnum is performing at about 10% 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 SBI Magnum by adding it to a well-diversified portfolio.

About SBI Magnum Performance

To evaluate SBI Magnum Long Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when SBI Magnum 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 0P0000XVL3 Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand SBI Magnum Long 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 0P0000XVL3'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.
To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.

Things to note about SBI Magnum Long

Checking the ongoing alerts about SBI Magnum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SBI Magnum Long help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

SBI Magnum Alerts

Equity Alerts and Improvement Suggestions

The fund holds about 5.07% of its total net assets in cash
Please continue to Trending Equities. Note that the SBI Magnum Long information on this page should be used as a complementary analysis to other SBI Magnum's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running SBI Magnum Long price analysis, check to measure SBI Magnum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SBI Magnum is operating at the current time. Most of SBI Magnum's value examination focuses on studying past and present price action to predict the probability of SBI Magnum's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SBI Magnum's price. Additionally, you may evaluate how the addition of SBI Magnum to your portfolios can decrease your overall portfolio volatility.
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