Discovery Balanced (South Africa) Fund

0P0000IR2N   2.96  0.02  0.67%   

Performance

Very Weak

 
Weak
 
Strong
Discovery Balanced is trading at 2.96 as of the 16th of March 2025. This is a 0.67 percent decrease since the beginning of the trading day. The fund's open price was 2.98. Discovery Balanced has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 16th of December 2024 and ending today, the 16th of March 2025. Click here to learn more.

Discovery Balanced Risk Profiles

Although Discovery Balanced's alpha and beta are two of the key measurements used to evaluate Discovery Balanced's performance over the market, the standard measures of volatility play an important role as well.

Discovery Balanced Against Markets

Discovery Balanced Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Discovery Balanced fund to make a market-neutral strategy. Peer analysis of Discovery Balanced could also be used in its relative valuation, which is a method of valuing Discovery Balanced by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine