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SABADELL EURO (Spain) Volatility

SA
ES0184976027 -- Spain Fund  

EUR 18.97  0.01  0.05%

Macroaxis considers SABADELL EURO to be somewhat reliable. SABADELL EURO YIELD retains Efficiency (Sharpe Ratio) of -0.2785, which indicates the fund had -0.2785% of return per unit of risk over the last 3 months. Macroaxis approach towards 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. SABADELL EURO exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SABADELL EURO YIELD PREMIER Standard Deviation of 1.99 and Market Risk Adjusted Performance of 32.03 to confirm the risk estimate we provide.
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SABADELL EURO 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 SABADELL daily returns, and it is calculated using variance and standard deviation. We also use SABADELL's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of SABADELL EURO volatility.

SABADELL EURO Market Sensitivity

As returns on market increase, returns on owning SABADELL EURO are expected to decrease at a much smaller rate. During bear market, SABADELL EURO is likely to outperform the market.
3 Months Beta |Analyze SABADELL EURO YIELD Demand Trend
Check current 30 days SABADELL EURO correlation with market (DOW)
β = -0.012

SABADELL EURO Central Daily Price Deviation

SABADELL EURO YIELD Technical Analysis

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SABADELL EURO Projected Return Density Against Market

Assuming 30 trading days horizon, SABADELL EURO YIELD PREMIER has beta of -0.012 suggesting as returns on benchmark increase, returns on holding SABADELL EURO are expected to decrease at a much smaller rate. During bear market, however, SABADELL EURO YIELD PREMIER 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. SABADELL EURO YIELD is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of SABADELL EURO is -359.04. The daily returns are destributed with a variance of 6.26 and standard deviation of 2.5. The mean deviation of SABADELL EURO YIELD PREMIER is currently at 1.48. For similar time horizon, the selected benchmark (DOW) has volatility of 3.83
α
Alpha over DOW
=0.39
β
Beta against DOW=0.01
σ
Overall volatility
=2.50
Ir
Information ratio =0.0144

SABADELL EURO Return Volatility

the fund accepts 2.5022% volatility on return distribution over the 30 days horizon. the entity inherits 3.8282% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

SABADELL EURO Investment Opportunity

DOW has a standard deviation of returns of 3.83 and is 1.53 times more volatile than SABADELL EURO YIELD PREMIER. 22  of all equities and portfolios are less risky than SABADELL EURO. Compared to the overall equity markets, volatility of historical daily returns of SABADELL EURO YIELD PREMIER is lower than 22 () of all global equities and portfolios over the last 30 days. Use SABADELL EURO YIELD PREMIER to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of SABADELL EURO to be traded at €19.92 in 30 days. . As returns on market increase, returns on owning SABADELL EURO are expected to decrease at a much smaller rate. During bear market, SABADELL EURO is likely to outperform the market.

SABADELL EURO correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SABADELL EURO YIELD PREMIER and equity matching DJI index in the same portfolio.

SABADELL EURO Current Risk Indicators

SABADELL EURO Suggested Diversification Pairs

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