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CARTERA NARANJA (Spain) Volatility

ES0
ES0116405004 -- Spain Fund  

EUR 9.79  0.00  0.00%

Macroaxis considers CARTERA NARANJA to be risky. CARTERA NARANJA 2080 secures Sharpe Ratio (or Efficiency) of -0.2084, which signifies that the fund had -0.2084% of return per unit of risk over the last 3 months. Macroaxis approach towards foreseeing 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. CARTERA NARANJA 2080 exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CARTERA NARANJA 2080 Coefficient Of Variation of (654.03) and Mean Deviation of 2.07 to double-check the risk estimate we provide.
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CARTERA NARANJA 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 CARTERA daily returns, and it is calculated using variance and standard deviation. We also use CARTERA's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CARTERA NARANJA volatility.

CARTERA NARANJA Market Sensitivity

As returns on market increase, returns on owning CARTERA NARANJA are expected to decrease at a much smaller rate. During bear market, CARTERA NARANJA is likely to outperform the market.
3 Months Beta |Analyze CARTERA NARANJA 2080 Demand Trend
Check current 30 days CARTERA NARANJA correlation with market (DOW)
β = -0.0184

CARTERA NARANJA Central Daily Price Deviation

CARTERA NARANJA 2080 Technical Analysis

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CARTERA NARANJA Projected Return Density Against Market

Assuming 30 trading days horizon, CARTERA NARANJA 2080 has beta of -0.0184 suggesting as returns on benchmark increase, returns on holding CARTERA NARANJA are expected to decrease at a much smaller rate. During bear market, however, CARTERA NARANJA 2080 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. CARTERA NARANJA 2080 is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of CARTERA NARANJA is -479.92. The daily returns are destributed with a variance of 18.14 and standard deviation of 4.26. The mean deviation of CARTERA NARANJA 2080 is currently at 2.46. For similar time horizon, the selected benchmark (DOW) has volatility of 3.8
α
Alpha over DOW
=0.59
β
Beta against DOW=0.02
σ
Overall volatility
=4.26
Ir
Information ratio =0.06

CARTERA NARANJA Return Volatility

the fund accepts 4.2595% volatility on return distribution over the 30 days horizon. the entity inherits 3.8581% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

CARTERA NARANJA Investment Opportunity

CARTERA NARANJA 2080 has a volatility of 4.26 and is 1.1 times more volatile than DOW. 38  of all equities and portfolios are less risky than CARTERA NARANJA. Compared to the overall equity markets, volatility of historical daily returns of CARTERA NARANJA 2080 is lower than 38 () of all global equities and portfolios over the last 30 days. Use CARTERA NARANJA 2080 to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of CARTERA NARANJA to be traded at €9.69 in 30 days. . As returns on market increase, returns on owning CARTERA NARANJA are expected to decrease at a much smaller rate. During bear market, CARTERA NARANJA is likely to outperform the market.

CARTERA NARANJA correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding CARTERA NARANJA 2080 and equity matching DJI index in the same portfolio.

CARTERA NARANJA Current Risk Indicators

CARTERA NARANJA Suggested Diversification Pairs

Continue to Investing Opportunities. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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