DNB FD (Germany) Risk Analysis And Volatility Evaluation

CFPA -- Germany ETF  

EUR 5.99  0.00  0.00%

Macroaxis considers DNB FD to be unknown risk. DNB FD ASIAN retains Efficiency (Sharpe Ratio) of -0.6825 which denotes DNB FD ASIAN had -0.6825% of return per unit of risk over the last 1 month. Macroaxis philosophy in predicting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. DNB FD exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DNB FD ASIAN SMALL CAP A Coefficient Of Variation of 196.62 and Market Risk Adjusted Performance of 3.12 to check risk estimate we provide.
Horizon     30 Days    Login   to change

DNB FD Market Sensitivity

As returns on market increase, returns on owning DNB FD are expected to decrease at a much smaller rate. During bear market, DNB FD is likely to outperform the market.
One Month Beta |Analyze DNB FD ASIAN Demand Trend
Check current 30 days DNB FD correlation with market (DOW)
β = -0.655
DNB FD Almost negative betaDNB FD ASIAN Beta Legend

DNB FD ASIAN Technical Analysis

Transformation
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DNB FD Projected Return Density Against Market

Assuming 30 trading days horizon, DNB FD ASIAN SMALL CAP A has beta of -0.655 . This suggests as returns on benchmark increase, returns on holding DNB FD are expected to decrease at a much smaller rate. During bear market, however, DNB FD ASIAN SMALL CAP A is likely to outperform the market. Additionally, DNB FD ASIAN SMALL CAP A 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 DNB FD is -146.52. The daily returns are destributed with a variance of 3.31 and standard deviation of 1.82. The mean deviation of DNB FD ASIAN SMALL CAP A is currently at 1.31. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=2.15
β
Beta against DOW=0.66
σ
Overall volatility
=1.82
Ir
Information ratio =0.47

DNB FD Return Volatility

DNB FD ASIAN SMALL CAP A accepts 1.8181% volatility on return distribution over the 30 days horizon. DOW inherits 1.0635% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

DNB FD Investment Opportunity

DNB FD ASIAN SMALL CAP A has a volatility of 1.82 and is 1.72 times more volatile than DOW. 16% of all equities and portfolios are less risky than DNB FD. Compared to the overall equity markets, volatility of historical daily returns of DNB FD ASIAN SMALL CAP A is lower than 16 (%) of all global equities and portfolios over the last 30 days. Use DNB FD ASIAN SMALL CAP A to protect against small markets fluctuations. The etf experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of DNB FD to be traded at €5.93 in 30 days. As returns on market increase, returns on owning DNB FD are expected to decrease at a much smaller rate. During bear market, DNB FD is likely to outperform the market.

DNB FD correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding DNB FD ASIAN SMALL CAP A and equity matching DJI index in the same portfolio.

DNB FD Volatility Indicators

DNB FD ASIAN SMALL CAP A Current Risk Indicators

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