Wellington Strategic (Ireland) Risk Analysis And Volatility Evaluation

F00000OWPE -- Ireland Fund  

EUR 17.65  0.11  0.62%

Macroaxis considers Wellington Strategic to be unknown risk. Wellington Strategic shows Sharpe Ratio of -0.5 which attests that Wellington Strategic had -0.5% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. Wellington Strategic exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Wellington Strategic Market Risk Adjusted Performance of 0.9059, Mean Deviation of 0.3134 and Downside Deviation of 0.6301 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

Wellington Strategic Market Sensitivity

As returns on market increase, Wellington Strategic returns are expected to increase less than the market. However during bear market, the loss on holding Wellington Strategic will be expected to be smaller as well.
One Month Beta |Analyze Wellington Strategic Demand Trend
Check current 30 days Wellington Strategic correlation with market (DOW)
β = 0.0646
Wellington Strategic Small BetaWellington Strategic Beta Legend

Wellington Strategic Technical Analysis

Transformation
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Wellington Strategic Projected Return Density Against Market

Assuming 30 trading days horizon, Wellington Strategic has beta of 0.0646 suggesting as returns on market go up, Wellington Strategic average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Wellington Strategic Eurp Eq D EUR Acc will be expected to be much smaller as well. Moreover, Wellington Strategic Eurp Eq D EUR Acc has an alpha of 0.0471 implying that it can potentially generate 0.0471% 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 Strategic is -200.0. The daily returns are destributed with a variance of 0.1 and standard deviation of 0.31. The mean deviation of Wellington Strategic Eurp Eq D EUR Acc is currently at 0.23. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45
α
Alpha over DOW
=0.0471
β
Beta against DOW=0.06
σ
Overall volatility
=0.31
Ir
Information ratio =0.22

Wellington Strategic Return Volatility

Wellington Strategic Eurp Eq D EUR Acc accepts 0.3097% volatility on return distribution over the 30 days horizon. DOW inherits 0.4529% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Wellington Strategic Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Wellington Strategic Investment Opportunity

DOW has a standard deviation of returns of 0.45 and is 1.45 times more volatile than Wellington Strategic Eurp Eq D EUR Acc. 2% of all equities and portfolios are less risky than Wellington Strategic. Compared to the overall equity markets, volatility of historical daily returns of Wellington Strategic Eurp Eq D EUR Acc is lower than 2 (%) of all global equities and portfolios over the last 30 days. Use Wellington Strategic Eurp Eq D EUR Acc to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of Wellington Strategic to be traded at €17.3 in 30 days. As returns on market increase, Wellington Strategic returns are expected to increase less than the market. However during bear market, the loss on holding Wellington Strategic will be expected to be smaller as well.

Wellington Strategic correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Wellington Strategic Eurp Eq D and equity matching DJI index in the same portfolio.

Wellington Strategic Volatility Indicators

Wellington Strategic Eurp Eq D EUR Acc Current Risk Indicators

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