21744563 (Ireland) Risk Analysis And Volatility Evaluation

21744563 -- Ireland Fund  

EUR 1.26  0.02  1.61%

Our way in which we are foreseeing volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for 21744563 which you can use to evaluate future volatility of the entity. Please confirm 21744563 Standard Deviation of 1.01, Market Risk Adjusted Performance of 0.0406 and Coefficient Of Variation of 23718.18 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
 Time Horizon     30 Days    Login   to change

21744563 Market Sensitivity

As returns on market increase, returns on owning 21744563 are expected to decrease at a much smaller rate. During bear market, 21744563 is likely to outperform the market.
One Month Beta |Analyze 21744563 Demand Trend
Check current 30 days 21744563 correlation with market (DOW)
β = -0.1875
21744563 Almost negative beta21744563 Beta Legend

21744563 Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, 21744563 has beta of -0.1875 . This suggests as returns on benchmark increase, returns on holding 21744563 are expected to decrease at a much smaller rate. During bear market, however, 21744563 is likely to outperform the market. Moreover, 21744563 has an alpha of 0.0151 implying that it can potentially generate 0.0151% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0151
β
Beta against DOW=0.19
σ
Overall volatility
=0.00
Ir
Information ratio =0.12

Actual Return Volatility

21744563 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.6629% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Fundamentals Matrix

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Investment Outlook

21744563 Investment Opportunity
DOW has a standard deviation of returns of 0.66 and is 9.223372036854776E16 times more volatile than 21744563. 0% of all equities and portfolios are less risky than 21744563. Compared to the overall equity markets, volatility of historical daily returns of 21744563 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use 21744563 to enhance returns of your portfolios. The fund experiences large bullish trend. Check odds of 21744563 to be traded at €1.386 in 30 days. As returns on market increase, returns on owning 21744563 are expected to decrease at a much smaller rate. During bear market, 21744563 is likely to outperform the market.

21744563 correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding 21744563 and equity matching DJI index in the same portfolio.
Check also Trending Equities. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.