24478280 (Ireland) Risk Analysis And Volatility Evaluation

24478280 -- Ireland Fund  

USD 9.95  0.17  1.68%

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 24478280 which you can use to evaluate future volatility of the entity. Please confirm 24478280 Standard Deviation of 0.9742, Market Risk Adjusted Performance of 1.06 and Coefficient Of Variation of 1,345 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
 Time Horizon     30 Days    Login   to change

24478280 Market Sensitivity

As returns on market increase, returns on owning 24478280 are expected to decrease at a much smaller rate. During bear market, 24478280 is likely to outperform the market.
One Month Beta |Analyze 24478280 Demand Trend
Check current 30 days 24478280 correlation with market (DOW)
β = -0.0784
24478280 Almost negative beta24478280 Beta Legend

24478280 Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Projected Return Density Against Market

Assuming 30 trading days horizon, 24478280 has beta of -0.0784 . This suggests as returns on benchmark increase, returns on holding 24478280 are expected to decrease at a much smaller rate. During bear market, however, 24478280 is likely to outperform the market. Additionally, 24478280 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 
α
Alpha over DOW
=0.08
β
Beta against DOW=0.08
σ
Overall volatility
=0.00
Ir
Information ratio =0.08

Actual Return Volatility

24478280 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.4566% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

24478280 Investment Opportunity
DOW has a standard deviation of returns of 0.46 and is 9.223372036854776E16 times more volatile than 24478280. 0% of all equities and portfolios are less risky than 24478280. Compared to the overall equity markets, volatility of historical daily returns of 24478280 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use 24478280 to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of 24478280 to be traded at $9.65 in 30 days. As returns on market increase, returns on owning 24478280 are expected to decrease at a much smaller rate. During bear market, 24478280 is likely to outperform the market.

24478280 correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding 24478280 and equity matching DJI index in the same portfolio.
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