Polar Capital (Ireland) Risk Analysis And Volatility Evaluation

F000002QJ0 -- Ireland Fund  

USD 23.11  0.29  1.27%

Our philosophy towards forecasting volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Polar Capital Japan which you can use to evaluate future volatility of the fund. Please check Polar Capital Japan Coefficient Of Variation of 2645.17 and Risk Adjusted Performance of 0.025 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
 Time Horizon     30 Days    Login   to change

Polar Capital Market Sensitivity

As returns on market increase, returns on owning Polar Capital are expected to decrease at a much smaller rate. During bear market, Polar Capital is likely to outperform the market.
One Month Beta |Analyze Polar Capital Japan Demand Trend
Check current 30 days Polar Capital correlation with market (DOW)
β = -0.4307
Polar Capital Almost negative betaPolar Capital Japan Beta Legend

Polar Capital Japan Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Polar Capital Japan R USD Hdg has beta of -0.4307 suggesting as returns on benchmark increase, returns on holding Polar Capital are expected to decrease at a much smaller rate. During bear market, however, Polar Capital Japan R USD Hdg is likely to outperform the market. Moreover, Polar Capital Japan R USD Hdg has an alpha of 0.0651 implying that it can potentially generate 0.0651% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.07
β
Beta against DOW=0.43
σ
Overall volatility
=0.00
Ir
Information ratio =0.06

Actual Return Volatility

Polar Capital Japan R USD Hdg accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.6549% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Polar Capital Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Polar Capital Investment Opportunity

DOW has a standard deviation of returns of 0.65 and is 9.223372036854776E16 times more volatile than Polar Capital Japan R USD Hdg. 0% of all equities and portfolios are less risky than Polar Capital. Compared to the overall equity markets, volatility of historical daily returns of Polar Capital Japan R USD Hdg is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Polar Capital Japan R USD Hdg to enhance returns of your portfolios. The fund experiences large bullish trend. Check odds of Polar Capital to be traded at $25.42 in 30 days. As returns on market increase, returns on owning Polar Capital are expected to decrease at a much smaller rate. During bear market, Polar Capital is likely to outperform the market.

Polar Capital correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Polar Capital Japan R USD Hdg and equity matching DJI index in the same portfolio.
Additionally see Investing Opportunities. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.