30948819 (Ireland) Risk Analysis And Volatility Evaluation

30948819 -- Ireland Fund  

USD 99.78  1.99  2.04%

We consider 30948819 unknown risk. 30948819 retains Efficiency (Sharpe Ratio) of 0.0047 which signifies that 30948819 had 0.0047% of return per unit of price deviation over the last 1 month. 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 30948819 which you can use to evaluate future volatility of the entity. Please confirm 30948819 to double-check if risk estimate we provide are consistent with the epected return of 0.0051%.
 Time Horizon     30 Days    Login   to change

30948819 Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, 30948819 has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and 30948819 are completely uncorrelated. Furthermore, 30948819It does not look like 30948819 alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of 30948819 is 21220.56. The daily returns are destributed with a variance of 1.16 and standard deviation of 1.08. The mean deviation of 30948819 is currently at 0.51. For similar time horizon, the selected benchmark (DOW) has volatility of 0.54
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.08
Ir
Information ratio =0.00

Actual Return Volatility

30948819 accepts 1.0769% 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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Investment Outlook

30948819 Investment Opportunity
30948819 has a volatility of 1.08 and is 1.64 times more volatile than DOW. 9% 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 9 (%) of all global equities and portfolios over the last 30 days.
Check also Trending Equities. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.