F00000MWSS (Ireland) Risk Analysis And Volatility Evaluation

F00000MWSS -- Ireland Fund  

 98.35  0.49  0.50%

Macroaxis considers F00000MWSS to be unknown risk. F00000MWSS IR retains Efficiency (Sharpe Ratio) of -0.3472 which denotes F00000MWSS IR had -0.3472% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are predicting 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. F00000MWSS exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm F00000MWSS IR Standard Deviation of 1.31 and Market Risk Adjusted Performance of 1.16 to check risk estimate we provide.
Horizon     30 Days    Login   to change

F00000MWSS Market Sensitivity

As returns on market increase, returns on owning F00000MWSS are expected to decrease at a much smaller rate. During bear market, F00000MWSS is likely to outperform the market.
One Month Beta |Analyze F00000MWSS IR Demand Trend
Check current 30 days F00000MWSS correlation with market (DOW)
β = -0.4715
F00000MWSS Almost negative betaF00000MWSS IR Beta Legend

F00000MWSS IR Technical Analysis

Transformation
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F00000MWSS Projected Return Density Against Market

Assuming 30 trading days horizon, F00000MWSS IR has beta of -0.4715 suggesting as returns on benchmark increase, returns on holding F00000MWSS are expected to decrease at a much smaller rate. During bear market, however, F00000MWSS IR is likely to outperform the market. Additionally, F00000MWSS IR 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 F00000MWSS is -288.04. The daily returns are destributed with a variance of 1.77 and standard deviation of 1.33. The mean deviation of F00000MWSS IR is currently at 0.94. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39
α
Alpha over DOW
=0.5
β
Beta against DOW=0.47
σ
Overall volatility
=1.33
Ir
Information ratio =0.49

F00000MWSS Return Volatility

F00000MWSS IR accepts 1.3307% volatility on return distribution over the 30 days horizon. DOW inherits 0.4208% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

F00000MWSS Investment Opportunity

F00000MWSS IR has a volatility of 1.33 and is 3.17 times more volatile than DOW. 12% of all equities and portfolios are less risky than F00000MWSS. Compared to the overall equity markets, volatility of historical daily returns of F00000MWSS IR is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use F00000MWSS IR to enhance returns of your portfolios. The fund experiences moderate upward volatility. Check odds of F00000MWSS to be traded at 108.19 in 30 days. As returns on market increase, returns on owning F00000MWSS are expected to decrease at a much smaller rate. During bear market, F00000MWSS is likely to outperform the market.

F00000MWSS correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding F00000MWSS IR and equity matching DJI index in the same portfolio.

F00000MWSS Volatility Indicators

F00000MWSS IR Current Risk Indicators

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