1) Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability.
2) Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
( Beta, is measured in terms of Funds co-relation to the Benchmark, declared, like Nifty 50, BSE 200, MSCI Indices etc )
3) Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been.
This is a raw major of the performance of the Fund Manager. The ratio of Fund manager's success after risking the Capital, over returns on risk free investment.
4) Portfolio Turnover Ratio is the percentage of a fund’s assets that have changed over the course of a year.
Fund managers churn the portfolio, to tune and adjust folio for Return on Investment and Hedge the Risk. The Portfolio turnover ratio, indicate the same.
High P.T.R. suggest 1) Fund Managers confidence on the Market conditions and Investment Decisions/Convictions.
2) Higher Inflow or Outflows, if read alongwith AUM of the Fund scheme and S.D.
3) Higher Brokerages thus higher expenses.
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