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SANTANDER DIVIDENDO (Spain) Volatility

SA
ES0109360026 -- Spain Fund  

EUR 8.20  0.16  1.91%

Macroaxis considers SANTANDER DIVIDENDO to be dangerous. SANTANDER DIVIDENDO owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2472, which indicates the fund had -0.2472% of return per unit of standard deviation over the last 3 months. Macroaxis approach into measuring 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. SANTANDER DIVIDENDO EUROPA CLAS exposes twenty-six different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SANTANDER DIVIDENDO Risk Adjusted Performance of (0.68) and Market Risk Adjusted Performance of 8.52 to confirm the risk estimate we provide.
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SANTANDER DIVIDENDO Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of SANTANDER daily returns, and it is calculated using variance and standard deviation. We also use SANTANDER's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of SANTANDER DIVIDENDO volatility.

SANTANDER DIVIDENDO Market Sensitivity

As returns on market increase, returns on owning SANTANDER DIVIDENDO are expected to decrease at a much smaller rate. During bear market, SANTANDER DIVIDENDO is likely to outperform the market.
3 Months Beta |Analyze SANTANDER DIVIDENDO Demand Trend
Check current 30 days SANTANDER DIVIDENDO correlation with market (DOW)
β = -0.1621

SANTANDER DIVIDENDO Central Daily Price Deviation

SANTANDER DIVIDENDO Technical Analysis

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SANTANDER DIVIDENDO Projected Return Density Against Market

Assuming 30 trading days horizon, SANTANDER DIVIDENDO EUROPA CLAS has beta of -0.1621 suggesting as returns on benchmark increase, returns on holding SANTANDER DIVIDENDO are expected to decrease at a much smaller rate. During bear market, however, SANTANDER DIVIDENDO EUROPA CLAS is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. SANTANDER DIVIDENDO is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of SANTANDER DIVIDENDO is -404.5. The daily returns are destributed with a variance of 65.14 and standard deviation of 8.07. The mean deviation of SANTANDER DIVIDENDO EUROPA CLAS is currently at 4.85. For similar time horizon, the selected benchmark (DOW) has volatility of 3.8
α
Alpha over DOW
=1.45
β
Beta against DOW=0.16
σ
Overall volatility
=8.07
Ir
Information ratio =0.13

SANTANDER DIVIDENDO Return Volatility

the fund accepts 8.0708% volatility on return distribution over the 30 days horizon. the entity inherits 5.0293% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

SANTANDER DIVIDENDO Investment Opportunity

SANTANDER DIVIDENDO EUROPA CLAS has a volatility of 8.07 and is 1.6 times more volatile than DOW. 72  of all equities and portfolios are less risky than SANTANDER DIVIDENDO. Compared to the overall equity markets, volatility of historical daily returns of SANTANDER DIVIDENDO EUROPA CLAS is higher than 72 () of all global equities and portfolios over the last 30 days. Use SANTANDER DIVIDENDO EUROPA CLAS to protect your portfolios against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of SANTANDER DIVIDENDO to be traded at €7.95 in 30 days. . As returns on market increase, returns on owning SANTANDER DIVIDENDO are expected to decrease at a much smaller rate. During bear market, SANTANDER DIVIDENDO is likely to outperform the market.

SANTANDER DIVIDENDO correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SANTANDER DIVIDENDO EUROPA CLA and equity matching DJI index in the same portfolio.

SANTANDER DIVIDENDO Current Risk Indicators

SANTANDER DIVIDENDO Suggested Diversification Pairs

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