28231999 (Ireland) Risk Analysis And Volatility Evaluation

28231999 -- Ireland Fund  

EUR 9.78  0.46  4.49%

Macroaxis considers 28231999 to be unknown risk. 28231999 retains Efficiency (Sharpe Ratio) of -0.5774 which signifies that 28231999 had -0.5774% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. 28231999 exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm 28231999 Standard Deviation of 2.64, Market Risk Adjusted Performance of 0.8848 and Coefficient Of Variation of 1,506 to double-check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

28231999 Market Sensitivity

As returns on market increase, returns on owning 28231999 are expected to decrease at a much smaller rate. During bear market, 28231999 is likely to outperform the market.
One Month Beta |Analyze 28231999 Demand Trend
Check current 30 days 28231999 correlation with market (DOW)
β = -0.2119
28231999 Almost negative beta28231999 Beta Legend

28231999 Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, 28231999 has beta of -0.2119 . This suggests as returns on benchmark increase, returns on holding 28231999 are expected to decrease at a much smaller rate. During bear market, however, 28231999 is likely to outperform the market. Additionally, 28231999 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 
Assuming 30 trading days horizon, the coefficient of variation of 28231999 is -173.21. The daily returns are destributed with a variance of 6.73 and standard deviation of 2.59. The mean deviation of 28231999 is currently at 2.0. For similar time horizon, the selected benchmark (DOW) has volatility of 0.46
α
Alpha over DOW
=0.19
β
Beta against DOW=0.21
σ
Overall volatility
=2.59
Ir
Information ratio =0.07

Actual Return Volatility

28231999 accepts 2.5936% 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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Technical Analysis

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Investment Outlook

28231999 Investment Opportunity
28231999 has a volatility of 2.59 and is 5.63 times more volatile than DOW. 23% of all equities and portfolios are less risky than 28231999. Compared to the overall equity markets, volatility of historical daily returns of 28231999 is lower than 23 (%) of all global equities and portfolios over the last 30 days. Use 28231999 to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of 28231999 to be traded at €9.29 in 30 days. As returns on market increase, returns on owning 28231999 are expected to decrease at a much smaller rate. During bear market, 28231999 is likely to outperform the market.

28231999 correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding 28231999 and equity matching DJI index in the same portfolio.
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