POLAR CAP (Ireland) Risk Analysis And Volatility Evaluation

12122045 -- Ireland Fund  

EUR 8.74  1.06  13.80%

POLAR CAP is unknown risk given 1 month investment horizon. POLAR CAP EM maintains Sharpe Ratio (i.e. Efficiency) of 0.5 which implies POLAR CAP EM had 0.5% of return per unit of volatility over the last 1 month. Our approach towards forecasting volatility of a fund is to use POLAR CAP EM market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 3.4505% are justified by taking the suggested risk. Use POLAR CAP Risk Adjusted Performance of 0.028 to evaluate company specific risk that cannot be diversified away.
 Time Horizon     30 Days    Login   to change

POLAR CAP Market Sensitivity

As returns on market increase, returns on owning POLAR CAP are expected to decrease by larger amounts. On the other hand, during market turmoil, POLAR CAP is expected to significantly outperform it.
One Month Beta |Analyze POLAR CAP EM Demand Trend
Check current 30 days POLAR CAP correlation with market (DOW)
β = -3.8275
POLAR CAP Large Negative BetaPOLAR CAP EM Beta Legend

POLAR CAP EM Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, POLAR CAP EM EUR I has beta of -3.8275 . This suggests as returns on its benchmark rise, returns on holding POLAR CAP EM EUR I are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, POLAR CAP is expected to outperform its benchmark. Moreover, POLAR CAP EM EUR I has an alpha of 0.6921 implying that it can potentially generate 0.6921% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of POLAR CAP is 200.0. The daily returns are destributed with a variance of 47.62 and standard deviation of 6.9. The mean deviation of POLAR CAP EM EUR I is currently at 5.18. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.69
β
Beta against DOW=3.83
σ
Overall volatility
=6.90
Ir
Information ratio =0.0264

Actual Return Volatility

POLAR CAP EM EUR I accepts 6.9011% volatility on return distribution over the 30 days horizon. DOW inherits 0.5701% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

POLAR CAP Investment Opportunity
POLAR CAP EM EUR I has a volatility of 6.9 and is 12.11 times more volatile than DOW. 63% of all equities and portfolios are less risky than POLAR CAP. Compared to the overall equity markets, volatility of historical daily returns of POLAR CAP EM EUR I is higher than 63 (%) of all global equities and portfolios over the last 30 days. Use POLAR CAP EM EUR I to enhance returns of your portfolios. The fund experiences very speculative upward sentiment.. Check odds of POLAR CAP to be traded at €10.93 in 30 days. As returns on market increase, returns on owning POLAR CAP are expected to decrease by larger amounts. On the other hand, during market turmoil, POLAR CAP is expected to significantly outperform it.

POLAR CAP correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding POLAR CAP EM EUR I and equity matching DJI index in the same portfolio.
Check also Trending Equities. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.
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