Guinness Global (Ireland) Risk Analysis And Volatility Evaluation

F00000287M -- Ireland Fund  

USD 9.17  0.03  0.33%

Macroaxis considers Guinness Global to be unknown risk. Guinness Global Energy holds Efficiency (Sharpe) Ratio of -0.1831 which attests that Guinness Global Energy had -0.1831% of return per unit of risk over the last 1 month. 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 to validate risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Guinness Global Energy Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Guinness Global has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and Guinness Global are completely uncorrelated. Furthermore, Guinness Global Energy EIt does not look like Guinness Global alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Guinness Global is -546.2. The daily returns are destributed with a variance of 1.92 and standard deviation of 1.39. The mean deviation of Guinness Global Energy E is currently at 0.83. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.39
Ir
Information ratio =0.00

Actual Return Volatility

Guinness Global Energy E accepts 1.3858% volatility on return distribution over the 30 days horizon. DOW inherits 0.5525% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Guinness Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Guinness Global Investment Opportunity
Guinness Global Energy E has a volatility of 1.39 and is 2.53 times more volatile than DOW. 12% 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 12 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

Guinness Global Current Risk Indicators
Additionally see Investing Opportunities. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.