IE00B4NHK056 (Ireland) Backtesting

IE00B4NHK056 -- Ireland Fund  

EUR 854.94  3.75  0.44%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of IE00B4NHK056 and determine expected loss or profit from investing in IE00B4NHK056 over given investment horizon. Please also check IE00B4NHK056 Hype Analysis, IE00B4NHK056 Correlation, Portfolio Optimization, IE00B4NHK056 Volatility as well as analyze IE00B4NHK056 Alpha and Beta and IE00B4NHK056 Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

IE00B4NHK056 'What if' Analysis

June 18, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 18, 2018
0.00
If you would invest  0.00  in IE00B4NHK056 on June 18, 2018 and sell it all today you would earn a total of 0.00 from holding IE00B4NHK056 or generate 0.0% return on investment in IE00B4NHK056 over 30 days. The investment objective is to achieve long-term capital appreciation primarily through equity investments

IE00B4NHK056 Upside/Downside Indicators

  

IE00B4NHK056 Market Premium Indicators

IE00B4NHK056 Backtested Returns

We consider IE00B4NHK056 not too risky. IE00B4NHK056 retains Efficiency (Sharpe Ratio) of 0.0013 which attests that IE00B4NHK056 had 0.0013% of return per unit of price deviation over the last 1 month. Our way in which we are determining volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for IE00B4NHK056 which you can use to evaluate future volatility of the entity. Please check out IE00B4NHK056 to validate if risk estimate we provide are consistent with the epected return of 4.0E-4%. The fund owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and IE00B4NHK056 are completely uncorrelated. Although it is extremely important to respect IE00B4NHK056 existing price patterns, it is better to be realistic regarding the information on equity price patterns. The way in which we are determining 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 inspecting IE00B4NHK056 technical indicators you can at this moment evaluate if the expected return of 4.0E-4% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.32) 

Poor reverse predictability

IE00B4NHK056 has poor reverse predictability. Overlapping area represents the amount of predictability between IE00B4NHK056 time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 18, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IE00B4NHK056 price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current IE00B4NHK056 price fluctuation can be explain by its past prices. Given that IE00B4NHK056 has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of IE00B4NHK056 for similar time interval.
Correlation Coefficient -0.32
Spearman Rank Test 0.31
Price Variance 1.95
Lagged Price Variance 3.12

IE00B4NHK056 lagged returns against current returns

 Current and Lagged Values 
      Timeline 

IE00B4NHK056 regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

IE00B4NHK056 Lagged Returns

 Regressed Prices 
      Timeline 

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Please also check IE00B4NHK056 Hype Analysis, IE00B4NHK056 Correlation, Portfolio Optimization, IE00B4NHK056 Volatility as well as analyze IE00B4NHK056 Alpha and Beta and IE00B4NHK056 Performance. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.