12943657 (Ireland) Risk Analysis And Volatility Evaluation

12943657 -- Ireland Fund  

EUR 1.17  0.0034  0.29%

Macroaxis considers 12943657 to be unknown risk. 12943657 retains Efficiency (Sharpe Ratio) of -0.5 which signifies that 12943657 had -0.5% of return per unit of price deviation over the last 2 months. Macroaxis way in which we are 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. 12943657 exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm 12943657 Standard Deviation of 1.67, Market Risk Adjusted Performance of 0.0216 and Coefficient Of Variation of 12502.35 to double-check risk estimate we provide.
Horizon     30 Days    Login   to change

12943657 Market Sensitivity

As returns on market increase, 12943657 returns are expected to increase less than the market. However during bear market, the loss on holding 12943657 will be expected to be smaller as well.
2 Months Beta |Analyze 12943657 Demand Trend
Check current 30 days 12943657 correlation with market (DOW)
β = 0.2884

12943657 Central Daily Price Deviation

12943657 Technical Analysis

Transformation
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12943657 Projected Return Density Against Market

Assuming 30 trading days horizon, 12943657 has beta of 0.2884 . This suggests as returns on market go up, 12943657 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding 12943657 will be expected to be much smaller as well. Moreover, 12943657 has an alpha of 0.0368 implying that it can potentially generate 0.0368% 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 12943657 is -200.0. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.15. The mean deviation of 12943657 is currently at 0.11. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
α
Alpha over DOW
=0.0368
β
Beta against DOW=0.29
σ
Overall volatility
=0.15
Ir
Information ratio =0.07

12943657 Return Volatility

12943657 accepts 0.1453% volatility on return distribution over the 30 days horizon. DOW inherits 1.2919% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

12943657 Investment Opportunity

DOW has a standard deviation of returns of 1.29 and is 8.6 times more volatile than 12943657. 1% of all equities and portfolios are less risky than 12943657. Compared to the overall equity markets, volatility of historical daily returns of 12943657 is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use 12943657 to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of 12943657 to be traded at €1.2285 in 30 days. As returns on market increase, 12943657 returns are expected to increase less than the market. However during bear market, the loss on holding 12943657 will be expected to be smaller as well.

12943657 correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding 12943657 and equity matching DJI index in the same portfolio.

12943657 Volatility Indicators

12943657 Current Risk Indicators

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