BNY EUROBD (Ireland) Risk Analysis And Volatility Evaluation

Our approach towards foreseeing volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for BNY EUROBD EUR B which you can use to evaluate future volatility of the entity. Please confirm BNY EUROBD EUR Risk Adjusted Performance of 0.0103 and Mean Deviation of 0.9821 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

BNY EUROBD Market Sensitivity

As returns on market increase, returns on owning BNY EUROBD are expected to decrease by larger amounts. On the other hand, during market turmoil, BNY EUROBD is expected to significantly outperform it.
One Month Beta |Analyze BNY EUROBD EUR Demand Trend
Check current 30 days BNY EUROBD correlation with market (DOW)
β = -2.2181
BNY EUROBD Large Negative BetaBNY EUROBD EUR Beta Legend

BNY EUROBD EUR Technical Analysis

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BNY EUROBD Projected Return Density Against Market

Assuming 30 trading days horizon, BNY EUROBD EUR B has beta of -2.2181 . This suggests as returns on its benchmark rise, returns on holding BNY EUROBD EUR B are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, BNY EUROBD is expected to outperform its benchmark. Moreover, BNY EUROBD EUR B has an alpha of 0.2062 implying that it can potentially generate 0.2062% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.21
β
Beta against DOW=2.22
σ
Overall volatility
=0.00
Ir
Information ratio =0.06

BNY EUROBD Return Volatility

BNY EUROBD EUR B accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.4208% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

BNY EUROBD Investment Opportunity

DOW has a standard deviation of returns of 0.42 and is 9.223372036854776E16 times more volatile than BNY EUROBD EUR B. 0% of all equities and portfolios are less risky than BNY EUROBD. Compared to the overall equity markets, volatility of historical daily returns of BNY EUROBD EUR B is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use BNY EUROBD EUR B to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of BNY EUROBD to be traded at €0.0 in 30 days. As returns on market increase, returns on owning BNY EUROBD are expected to decrease by larger amounts. On the other hand, during market turmoil, BNY EUROBD is expected to significantly outperform it.

BNY EUROBD correlation with market

Excellent diversification
Overlapping area represents the amount of risk that can be diversified away by holding BNY EUROBD EUR B and equity matching DJI index in the same portfolio.

BNY EUROBD Volatility Indicators

BNY EUROBD EUR B Current Risk Indicators

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