1969776 (Ireland) Risk Analysis And Volatility Evaluation

1969776 -- Ireland Fund  

GBP 345.91  62.44  22.03%

1969776 is unknown risk given 1 month investment horizon. 1969776 retains Efficiency (Sharpe Ratio) of 0.5 which signifies that 1969776 had 0.5% of return per unit of price deviation over the last 1 month. Our way in which we are foreseeing volatility of a fund is to use 1969776 market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 5.5068% are justified by taking the suggested risk. Use 1969776 Standard Deviation of 11.68, Market Risk Adjusted Performance of 0.97 and Coefficient Of Variation of 756.89 to evaluate company specific risk that cannot be diversified away.
 Time Horizon     30 Days    Login   to change

1969776 Market Sensitivity

As returns on market increase, returns on owning 1969776 are expected to decrease by larger amounts. On the other hand, during market turmoil, 1969776 is expected to significantly outperform it.
One Month Beta |Analyze 1969776 Demand Trend
Check current 30 days 1969776 correlation with market (DOW)
β = -1.5685
1969776 Large Negative Beta1969776 Beta Legend

1969776 Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, 1969776 has beta of -1.5685 . This suggests as returns on its benchmark rise, returns on holding 1969776 are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, 1969776 is expected to outperform its benchmark. In addition to that, 1969776 has an alpha of 1.6155 implying that it can potentially generate 1.6155% 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 1969776 is 200.0. The daily returns are destributed with a variance of 121.3 and standard deviation of 11.01. The mean deviation of 1969776 is currently at 8.26. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49
α
Alpha over DOW
=1.62
β
Beta against DOW=1.57
σ
Overall volatility
=11.01
Ir
Information ratio =0.13

Actual Return Volatility

1969776 accepts 11.0135% 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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Investment Outlook

1969776 Investment Opportunity
1969776 has a volatility of 11.01 and is 20.02 times more volatile than DOW. 96% of all equities and portfolios are less risky than 1969776. Compared to the overall equity markets, volatility of historical daily returns of 1969776 is higher than 96 (%) of all global equities and portfolios over the last 30 days. Use 1969776 to enhance returns of your portfolios. The fund experiences very speculative upward sentiment.. Check odds of 1969776 to be traded at £432.39 in 30 days. As returns on market increase, returns on owning 1969776 are expected to decrease by larger amounts. On the other hand, during market turmoil, 1969776 is expected to significantly outperform it.

1969776 correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding 1969776 and equity matching DJI index in the same portfolio.
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