Guinness Global (Ireland) Risk Analysis And Volatility Evaluation

F00000287M -- Ireland Fund  

USD 7.79  0.30  3.71%

Macroaxis considers Guinness Global to be unknown risk. Guinness Global Energy holds Efficiency (Sharpe) Ratio of -0.7637 which attests that Guinness Global Energy had -0.7637% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining 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. Guinness Global Energy exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Guinness Global Market Risk Adjusted Performance of (0.26) and Risk Adjusted Performance of (0.01884) to validate risk estimate we provide.
Horizon     30 Days    Login   to change

Guinness Global Market Sensitivity

As returns on market increase, Guinness Global returns are expected to increase less than the market. However during bear market, the loss on holding Guinness Global will be expected to be smaller as well.
2 Months Beta |Analyze Guinness Global Energy Demand Trend
Check current 30 days Guinness Global correlation with market (DOW)
β = 0.0926

Guinness Global Central Daily Price Deviation

Guinness Global Energy Technical Analysis

Transformation
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Guinness Global Projected Return Density Against Market

Assuming 30 trading days horizon, Guinness Global has beta of 0.0926 suggesting as returns on market go up, Guinness Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Guinness Global Energy E will be expected to be much smaller as well. Additionally, Guinness Global Energy E 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 Guinness Global is -130.93. The daily returns are destributed with a variance of 8.33 and standard deviation of 2.89. The mean deviation of Guinness Global Energy E is currently at 1.8. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.0096
β
Beta against DOW=0.09
σ
Overall volatility
=2.89
Ir
Information ratio =0.12

Guinness Global Return Volatility

Guinness Global Energy E accepts 2.8862% volatility on return distribution over the 30 days horizon. DOW inherits 1.3062% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Guinness Global Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Guinness Global Investment Opportunity

Guinness Global Energy E has a volatility of 2.89 and is 2.21 times more volatile than DOW. 26% of all equities and portfolios are less risky than Guinness Global. Compared to the overall equity markets, volatility of historical daily returns of Guinness Global Energy E is lower than 26 (%) of all global equities and portfolios over the last 30 days. Use Guinness Global Energy E to protect against small markets fluctuations. The fund experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Guinness Global to be traded at $7.48 in 30 days. As returns on market increase, Guinness Global returns are expected to increase less than the market. However during bear market, the loss on holding Guinness Global will be expected to be smaller as well.

Guinness Global correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Guinness Global Energy E and equity matching DJI index in the same portfolio.

Guinness Global Volatility Indicators

Guinness Global Energy E Current Risk Indicators

Additionally see Investing Opportunities. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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