Veritas Global (Ireland) Risk Analysis And Volatility Evaluation

F00000OKTJ -- Ireland Fund  

GBp 4,428  12.00  0.27%

We consider Veritas Global unknown risk. Veritas Global Focus owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.114 which indicates Veritas Global Focus had 0.114% of return per unit of risk over the last 2 months. Our philosophy towards measuring volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Veritas Global Focus GBP D which you can use to evaluate future volatility of the fund. Please validate Veritas Global Downside Deviation of 1.94, Standard Deviation of 2054.91 and Risk Adjusted Performance of 0.2871 to confirm if risk estimate we provide are consistent with the epected return of 0.1233%.
Horizon     30 Days    Login   to change

Veritas Global Market Sensitivity

As returns on market increase, returns on owning Veritas Global are expected to decrease by larger amounts. On the other hand, during market turmoil, Veritas Global is expected to significantly outperform it.
2 Months Beta |Analyze Veritas Global Focus Demand Trend
Check current 30 days Veritas Global correlation with market (DOW)
β = -183.6604

Veritas Global Central Daily Price Deviation

Veritas Global Focus Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Veritas Global Projected Return Density Against Market

Assuming 30 trading days horizon, Veritas Global Focus GBP D has beta of -183.6604 suggesting as returns on its benchmark rise, returns on holding Veritas Global Focus GBP D are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Veritas Global is expected to outperform its benchmark. In addition to that, Veritas Global Focus GBP D has an alpha of 403.7006 implying that it can potentially generate 403.7006% 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 Veritas Global is 877.31. The daily returns are destributed with a variance of 1.17 and standard deviation of 1.08. The mean deviation of Veritas Global Focus GBP D is currently at 0.72. For similar time horizon, the selected benchmark (DOW) has volatility of 1.3
α
Alpha over DOW
=403.70
β
Beta against DOW=183.66
σ
Overall volatility
=1.08
Ir
Information ratio =0.21

Veritas Global Return Volatility

Veritas Global Focus GBP D accepts 1.0815% volatility on return distribution over the 30 days horizon. DOW inherits 1.3487% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Veritas Global Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Veritas Global Investment Opportunity

DOW has a standard deviation of returns of 1.35 and is 1.25 times more volatile than Veritas Global Focus GBP D. 9% of all equities and portfolios are less risky than Veritas Global. Compared to the overall equity markets, volatility of historical daily returns of Veritas Global Focus GBP D is lower than 9 (%) of all global equities and portfolios over the last 30 days. Use Veritas Global Focus GBP D to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Veritas Global to be traded at p;4383.72 in 30 days. As returns on market increase, returns on owning Veritas Global are expected to decrease by larger amounts. On the other hand, during market turmoil, Veritas Global is expected to significantly outperform it.

Veritas Global correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Veritas Global Focus GBP D and equity matching DJI index in the same portfolio.

Veritas Global Volatility Indicators

Veritas Global Focus GBP D Current Risk Indicators

Additionally see Investing Opportunities. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Search macroaxis.com