1361 (Ireland) Risk Analysis And Volatility Evaluation

1361 -- Ireland Fund  

USD 99.45  0.90  0.90%

Macroaxis considers 1361 to be unknown risk. 1361 retains Efficiency (Sharpe Ratio) of -0.5774 which signifies that 1361 had -0.5774% of return per unit of price deviation over the last 1 month. 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. 1361 exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm 1361 Standard Deviation of 0.5182, Market Risk Adjusted Performance of 0.1039 and Coefficient Of Variation of 1,307 to double-check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

1361 Market Sensitivity

As returns on market increase, returns on owning 1361 are expected to decrease at a much smaller rate. During bear market, 1361 is likely to outperform the market.
One Month Beta |Analyze 1361 Demand Trend
Check current 30 days 1361 correlation with market (DOW)
β = -0.5286
1361 Almost negative beta1361 Beta Legend

1361 Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, 1361 has beta of -0.5286 . This suggests as returns on benchmark increase, returns on holding 1361 are expected to decrease at a much smaller rate. During bear market, however, 1361 is likely to outperform the market. Additionally, 1361 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of 1361 is -173.21. The daily returns are destributed with a variance of 0.27 and standard deviation of 0.52. The mean deviation of 1361 is currently at 0.4. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.03
β
Beta against DOW=0.53
σ
Overall volatility
=0.52
Ir
Information ratio =0.15

Actual Return Volatility

1361 accepts 0.5178% volatility on return distribution over the 30 days horizon. DOW inherits 0.5525% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Chance of Distress

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Investment Outlook

1361 Investment Opportunity
DOW has a standard deviation of returns of 0.55 and is 1.06 times more volatile than 1361. 4% of all equities and portfolios are less risky than 1361. Compared to the overall equity markets, volatility of historical daily returns of 1361 is lower than 4 (%) of all global equities and portfolios over the last 30 days. Use 1361 to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of 1361 to be traded at $97.46 in 30 days. As returns on market increase, returns on owning 1361 are expected to decrease at a much smaller rate. During bear market, 1361 is likely to outperform the market.

1361 correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding 1361 and equity matching DJI index in the same portfolio.
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