Projected Return Density against MarketAssuming 30 trading days horizon, AllianceBern has beta of 0.99 . This suggests AllianceBern Growth B market returns are very sensitive to returns on the market. As the market benchmark goes up or down, AllianceBern is expected to follow. Moreover, AllianceBern Growth B has alpha of 0.99 implying that it can potentially generate 0.99% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of AllianceBern is 209.67. The daily returns are destributed with a variance of 0.32 and standard deviation of 0.57. The mean deviation of AllianceBern Growth B is currently at 0.43. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.54
Actual Return VolatilityAllianceBern Growth B shows 0.57% volatility of returns over 30 trading days. S&P 500 shows 0.54% volatility of returns over 30 trading days.
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AllianceBern Growth B has a volatility of 0.57 and is 1.06 times more volatile than S&P 500. 7% of all equities and portfolios are less risky than AllianceBern. Compared with the overall equity markets, volatility of historical daily returns of AllianceBern Growth B is lower than 7 (%) of all global equities and portfolios over the last 30 days. Use AllianceBern Growth B to enhance returns of your portfolios. The fund experiences normal upward fluctuation. AllianceBern returns are very sensitive to returns on the market. As market goes up or down, AllianceBern is expected to follow.
AllianceBern correlation with market
AllianceBern Current Risk Indicators
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