BNY DYN (Ireland) Risk Analysis And Volatility Evaluation

28300797 -- Ireland Fund  

USD 0.91  0.03  3.19%

Our approach towards foreseeing 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 BNY DYN TO USD X AC which you can use to evaluate future volatility of the entity. Please confirm BNY DYN TO Risk Adjusted Performance of 0.0157 and Mean Deviation of 1.31 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

BNY DYN Market Sensitivity

As returns on market increase, BNY DYN returns are expected to increase less than the market. However during bear market, the loss on holding BNY DYN will be expected to be smaller as well.
One Month Beta |Analyze BNY DYN TO Demand Trend
Check current 30 days BNY DYN correlation with market (DOW)
β = 0.1835
BNY DYN Small BetaBNY DYN TO Beta Legend

BNY DYN TO 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.

BNY DYN Projected Return Density Against Market

Assuming 30 trading days horizon, BNY DYN has beta of 0.1835 . This suggests as returns on market go up, BNY DYN average returns are expected to increase less than the benchmark. However during bear market, the loss on holding BNY DYN TO USD X AC will be expected to be much smaller as well. Moreover, BNY DYN TO USD X AC has an alpha of 0.0227 implying that it can potentially generate 0.0227% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0227
β
Beta against DOW=0.18
σ
Overall volatility
=0.00
Ir
Information ratio =0.0354

BNY DYN Return Volatility

BNY DYN TO USD X AC accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.0565% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

BNY DYN Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 9.223372036854776E16 times more volatile than BNY DYN TO USD X AC. 0% of all equities and portfolios are less risky than BNY DYN. Compared to the overall equity markets, volatility of historical daily returns of BNY DYN TO USD X AC is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use BNY DYN TO USD X AC to protect against small markets fluctuations. The fund experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of BNY DYN to be traded at $0.8736 in 30 days. As returns on market increase, BNY DYN returns are expected to increase less than the market. However during bear market, the loss on holding BNY DYN will be expected to be smaller as well.

BNY DYN correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding BNY DYN TO USD X AC and equity matching DJI index in the same portfolio.

BNY DYN Volatility Indicators

BNY DYN TO USD X AC Current Risk Indicators

Check also Trending Equities. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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