Wellington Global (Ireland) Risk Analysis And Volatility Evaluation

F00000OM8L -- Ireland Fund  

EUR 13.09  0.06  0.46%

We consider Wellington Global unknown risk. Wellington Global HY shows Sharpe Ratio of 0.2026 which attests that Wellington Global HY had 0.2026% 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 Global HY which you can use to evaluate future volatility of the fund. Please check out Wellington Global HY Market Risk Adjusted Performance of 1.56 and Mean Deviation of 0.1744 to validate if risk estimate we provide are consistent with the epected return of 0.1084%.
 Time Horizon     30 Days    Login   to change

Wellington Global Market Sensitivity

As returns on market increase, returns on owning Wellington Global are expected to decrease at a much smaller rate. During bear market, Wellington Global is likely to outperform the market.
One Month Beta |Analyze Wellington Global HY Demand Trend
Check current 30 days Wellington Global correlation with market (DOW)
β = -0.0519
Wellington Global Almost negative betaWellington Global HY Beta Legend

Wellington Global HY 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.

Projected Return Density Against Market

Assuming 30 trading days horizon, Wellington Global HY Bond S EU has beta of -0.0519 suggesting as returns on benchmark increase, returns on holding Wellington Global are expected to decrease at a much smaller rate. During bear market, however, Wellington Global HY Bond S EU is likely to outperform the market. Moreover, Wellington Global HY Bond S EU has an alpha of 0.0865 implying that it can potentially generate 0.0865% 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 Global is 493.69. The daily returns are destributed with a variance of 0.29 and standard deviation of 0.54. The mean deviation of Wellington Global HY Bond S EU is currently at 0.36. For similar time horizon, the selected benchmark (DOW) has volatility of 0.55
α
Alpha over DOW
=0.09
β
Beta against DOW=0.05
σ
Overall volatility
=0.54
Ir
Information ratio =0.04

Actual Return Volatility

Wellington Global HY Bond S EU accepts 0.5354% volatility on return distribution over the 30 days horizon. DOW inherits 0.5516% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Wellington Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Wellington Global Investment Opportunity
DOW has a standard deviation of returns of 0.55 and is 1.02 times more volatile than Wellington Global HY Bond S EU. 4% of all equities and portfolios are less risky than Wellington Global. Compared to the overall equity markets, volatility of historical daily returns of Wellington Global HY Bond S EU is lower than 4 (%) of all global equities and portfolios over the last 30 days. Use Wellington Global HY Bond S EU to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Wellington Global to be traded at €12.96 in 30 days. As returns on market increase, returns on owning Wellington Global are expected to decrease at a much smaller rate. During bear market, Wellington Global is likely to outperform the market.

Wellington Global correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Wellington Global HY Bond S EU and equity matching DJI index in the same portfolio.

Volatility Indicators

Wellington Global Current Risk Indicators
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