Our way in which we are 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 30948819 which you can use to evaluate future volatility of the entity. Please confirm 30948819 Market Risk Adjusted Performance of 0.062, Standard Deviation of 0.6145 and Coefficient Of Variation of 33310.34 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
30948819 Market Sensitivity
|As returns on market increase, returns on owning 30948819 are expected to decrease at a much smaller rate. During bear market, 30948819 is likely to outperform the market. 2 Months Beta |Analyze 30948819 Demand TrendCheck current 30 days 30948819 correlation with market (DOW)|
β = -0.1567
30948819 Central Daily Price Deviation
30948819 Technical Analysis
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30948819 Projected Return Density Against MarketAssuming 30 trading days horizon, 30948819 has beta of -0.1567 . This suggests as returns on benchmark increase, returns on holding 30948819 are expected to decrease at a much smaller rate. During bear market, however, 30948819 is likely to outperform the market. Moreover, The company has an alpha of 0.0065 implying that it can potentially generate 0.0065% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.0065|
|Beta against DOW||=||0.16|
30948819 Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6987% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 0.7 and is 9.223372036854776E16 times more volatile than 30948819. 0% of all equities and portfolios are less risky than 30948819. Compared to the overall equity markets, volatility of historical daily returns of 30948819 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use 30948819 to enhance returns of your portfolios. The fund experiences unexpected upward trend. Watch out for market signals. Check odds of 30948819 to be traded at $119.74 in 30 days. . As returns on market increase, returns on owning 30948819 are expected to decrease at a much smaller rate. During bear market, 30948819 is likely to outperform the market.
30948819 correlation with market
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