TENAX CRDIT (Ireland) Risk Analysis And Volatility

18503402 -- Ireland Fund  

EUR 103.43  2.65  2.63%

Our approach into measuring 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 TENAX CRDIT EUR B which you can use to evaluate future volatility of the fund. Please validate TENAX CRDIT Risk Adjusted Performance of 0.0145 and Coefficient Of Variation of 12188.87 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

TENAX CRDIT Market Sensitivity

As returns on market increase, TENAX CRDIT returns are expected to increase less than the market. However during bear market, the loss on holding TENAX CRDIT will be expected to be smaller as well.
2 Months Beta |Analyze TENAX CRDIT EUR Demand Trend
Check current 30 days TENAX CRDIT correlation with market (DOW)
β = 0.0612

TENAX CRDIT Central Daily Price Deviation

TENAX CRDIT EUR Technical Analysis

Transformation
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TENAX CRDIT Projected Return Density Against Market

Assuming 30 trading days horizon, TENAX CRDIT has beta of 0.0612 . This suggests as returns on market go up, TENAX CRDIT average returns are expected to increase less than the benchmark. However during bear market, the loss on holding TENAX CRDIT EUR B will be expected to be much smaller as well. Moreover, TENAX CRDIT EUR B has an alpha of 0.0149 implying that it can potentially generate 0.0149% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0149
β
Beta against DOW=0.06
σ
Overall volatility
=0.00
Ir
Information ratio =0.11

TENAX CRDIT Return Volatility

TENAX CRDIT EUR B accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 2.026% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Fundamentals Comparison

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Investment Outlook

TENAX CRDIT Investment Opportunity

DOW has a standard deviation of returns of 2.03 and is 9.223372036854776E16 times more volatile than TENAX CRDIT EUR B. 0% of all equities and portfolios are less risky than TENAX CRDIT. Compared to the overall equity markets, volatility of historical daily returns of TENAX CRDIT EUR B is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use TENAX CRDIT EUR B to enhance returns of your portfolios. The fund experiences unexpected upward trend. Watch out for market signals. Check odds of TENAX CRDIT to be traded at €124.12 in 30 days. . As returns on market increase, TENAX CRDIT returns are expected to increase less than the market. However during bear market, the loss on holding TENAX CRDIT will be expected to be smaller as well.

TENAX CRDIT correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding TENAX CRDIT EUR B and equity matching DJI index in the same portfolio.

TENAX CRDIT Volatility Indicators

TENAX CRDIT EUR B Current Risk Indicators

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