Wellington US (Ireland) Risk Analysis And Volatility Evaluation

F00000MQVQ -- Ireland Fund  

USD 16.14  0.02  0.12%

We consider Wellington US unknown risk. Wellington US Core shows Sharpe Ratio of 0.7071 which attests that Wellington US Core had 0.7071% of return per unit of risk over the last 1 month. Our philosophy towards determining 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 Wellington US Core which you can use to evaluate future volatility of the fund. Please check out Wellington US Core Market Risk Adjusted Performance of 3.64 and Mean Deviation of 0.0699 to validate if risk estimate we provide are consistent with the epected return of 0.0621%.
 Time Horizon     30 Days    Login   to change

Wellington US Market Sensitivity

As returns on market increase, Wellington US returns are expected to increase less than the market. However during bear market, the loss on holding Wellington US will be expected to be smaller as well.
One Month Beta |Analyze Wellington US Core Demand Trend
Check current 30 days Wellington US correlation with market (DOW)
β = 0.0101
Wellington US Small BetaWellington US Core Beta Legend

Wellington US Core Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Wellington US has beta of 0.0101 suggesting as returns on market go up, Wellington US average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Wellington US Core HY Bd USD S Acc will be expected to be much smaller as well. Moreover, Wellington US Core HY Bd USD S Acc has an alpha of 0.0353 implying that it can potentially generate 0.0353% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Wellington US is 141.42. The daily returns are destributed with a variance of 0.01 and standard deviation of 0.09. The mean deviation of Wellington US Core HY Bd USD S Acc is currently at 0.06. For similar time horizon, the selected benchmark (DOW) has volatility of 0.61
α
Alpha over DOW
=0.0353
β
Beta against DOW=0.0101
σ
Overall volatility
=0.09
Ir
Information ratio =1

Actual Return Volatility

Wellington US Core HY Bd USD S Acc accepts 0.0878% volatility on return distribution over the 30 days horizon. DOW inherits 0.6284% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Wellington US Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Wellington US Investment Opportunity
DOW has a standard deviation of returns of 0.63 and is 7.0 times more volatile than Wellington US Core HY Bd USD S Acc. 0% of all equities and portfolios are less risky than Wellington US. Compared to the overall equity markets, volatility of historical daily returns of Wellington US Core HY Bd USD S Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Wellington US Core HY Bd USD S Acc to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Wellington US to be traded at $16.95 in 30 days. As returns on market increase, Wellington US returns are expected to increase less than the market. However during bear market, the loss on holding Wellington US will be expected to be smaller as well.

Wellington US correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Wellington US Core HY Bd USD S and equity matching DJI index in the same portfolio.
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