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 TrendCheck current 30 days 12943657 correlation with market (DOW)|
β = 0.2884
12943657 Central Daily Price Deviation
12943657 Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
12943657 Projected Return Density Against MarketAssuming 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
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
|Alpha over DOW||=||0.0368|
|Beta against DOW||=||0.29|
12943657 Return Volatility12943657 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.
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
|All Next||Launch Focused Opportunities|
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
Check also Trending Equities. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.