ABS CCY (Ireland) Risk Analysis And Volatility Evaluation

10928154 -- Ireland Fund  

EUR 1.06  0.002  0.19%

Macroaxis considers ABS CCY to be unknown risk. ABS CCY B3PEURAC secures Sharpe Ratio (or Efficiency) of -0.4082 which signifies that ABS CCY B3PEURAC had -0.4082% of return per unit of risk over the last 2 months. Macroaxis approach towards foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ABS CCY B3PEURAC exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ABS CCY B3PEURAC to double-check risk estimate we provide.
Horizon     30 Days    Login   to change

ABS CCY B3PEURAC Technical Analysis

Transformation
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ABS CCY Projected Return Density Against Market

Assuming 30 trading days horizon, ABS CCY has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and ABS CCY are completely uncorrelated. Furthermore, ABS CCY B3PEURACIt does not look like ABS CCY alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of ABS CCY is -244.95. The daily returns are destributed with a variance of 0.01 and standard deviation of 0.08. The mean deviation of ABS CCY B3PEURAC is currently at 0.05. For similar time horizon, the selected benchmark (DOW) has volatility of 1.27
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=0.08
Ir
Information ratio =0.00

ABS CCY Return Volatility

ABS CCY B3PEURAC accepts 0.077% volatility on return distribution over the 30 days horizon. DOW inherits 1.3014% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

ABS CCY Investment Opportunity

DOW has a standard deviation of returns of 1.3 and is 16.25 times more volatile than ABS CCY B3PEURAC. 0% of all equities and portfolios are less risky than ABS CCY. Compared to the overall equity markets, volatility of historical daily returns of ABS CCY B3PEURAC is lower than 0 (%) of all global equities and portfolios over the last 30 days.

ABS CCY Volatility Indicators

ABS CCY B3PEURAC Current Risk Indicators

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