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SANTANDER INDICES (Spain) Volatility

SA
ES0168652008 -- Spain Fund  

EUR 104.40  0.00  0.00%

Macroaxis considers SANTANDER INDICES to be very steady. SANTANDER INDICES owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3619, which indicates the fund had -0.3619% 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 INDICES CRECIENTE exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SANTANDER INDICES Market Risk Adjusted Performance of (2.65) and Risk Adjusted Performance of (0.57) to confirm the risk estimate we provide.
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SANTANDER INDICES 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 INDICES volatility.

SANTANDER INDICES Market Sensitivity

As returns on market increase, SANTANDER INDICES returns are expected to increase less than the market. However, during bear market, the loss on holding SANTANDER INDICES will be expected to be smaller as well.
3 Months Beta |Analyze SANTANDER INDICES Demand Trend
Check current 30 days SANTANDER INDICES correlation with market (DOW)
β = 0.0038

SANTANDER INDICES Central Daily Price Deviation

SANTANDER INDICES Technical Analysis

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SANTANDER INDICES Projected Return Density Against Market

Assuming 30 trading days horizon, SANTANDER INDICES has beta of 0.0038 suggesting as returns on market go up, SANTANDER INDICES average returns are expected to increase less than the benchmark. However during bear market, the loss on holding SANTANDER INDICES CRECIENTE will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. SANTANDER INDICES is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of SANTANDER INDICES is -276.3. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.01. The mean deviation of SANTANDER INDICES CRECIENTE is currently at 0.01. For similar time horizon, the selected benchmark (DOW) has volatility of 3.8
α
Alpha over DOW
=0.0085
β
Beta against DOW=0.0038
σ
Overall volatility
=0.0144
Ir
Information ratio =6.16

SANTANDER INDICES Return Volatility

the fund accepts 0.0144% volatility on return distribution over the 30 days horizon. the entity inherits 3.8585% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

SANTANDER INDICES Investment Opportunity

DOW has a standard deviation of returns of 3.86 and is 386.0 times more volatile than SANTANDER INDICES CRECIENTE. of all equities and portfolios are less risky than SANTANDER INDICES. Compared to the overall equity markets, volatility of historical daily returns of SANTANDER INDICES CRECIENTE is lower than 0 () of all global equities and portfolios over the last 30 days. Use SANTANDER INDICES CRECIENTE 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 SANTANDER INDICES to be traded at €103.36 in 30 days. . As returns on market increase, SANTANDER INDICES returns are expected to increase less than the market. However, during bear market, the loss on holding SANTANDER INDICES will be expected to be smaller as well.

SANTANDER INDICES correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding SANTANDER INDICES CRECIENTE and equity matching DJI index in the same portfolio.

SANTANDER INDICES Current Risk Indicators

SANTANDER INDICES Suggested Diversification Pairs

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