|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 TrendCheck current 30 days Polar Capital correlation with market (DOW)|
β = -0.145
Polar Capital Japan Technical Analysis
Polar Capital Projected Return Density Against MarketAssuming 30 trading days horizon, Polar Capital Japan R USD Hdg has beta of -0.145 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 0.1815 implying that it can potentially generate 0.1815% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Polar Capital Return VolatilityPolar Capital Japan R USD Hdg accepts 0.7142% volatility on return distribution over the 30 days horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.