Wellington Strategic (Ireland) Risk Analysis And Volatility Evaluation

F00000OWPF -- Ireland Fund  

USD 13.02  0.06  0.46%

We consider Wellington Strategic unknown risk. Wellington Strategic shows Sharpe Ratio of 0.0047 which attests that Wellington Strategic had 0.0047% 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 fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Wellington Strategic which you can use to evaluate future volatility of the fund. Please check out Wellington Strategic Market Risk Adjusted Performance of 2.59 and Mean Deviation of 0.8595 to validate if risk estimate we provide are consistent with the epected return of 0.006%.
Horizon     30 Days    Login   to change

Wellington Strategic Market Sensitivity

As returns on market increase, returns on owning Wellington Strategic are expected to decrease at a much smaller rate. During bear market, Wellington Strategic is likely to outperform the market.
One Month Beta |Analyze Wellington Strategic Demand Trend
Check current 30 days Wellington Strategic correlation with market (DOW)
β = -0.0561
Wellington Strategic Almost negative 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 Eurp Eq N USD Acc has beta of -0.0561 suggesting as returns on benchmark increase, returns on holding Wellington Strategic are expected to decrease at a much smaller rate. During bear market, however, Wellington Strategic Eurp Eq N USD Acc is likely to outperform the market. Moreover, Wellington Strategic Eurp Eq N USD Acc has an alpha of 0.1373 implying that it can potentially generate 0.1373% 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 21067.29. The daily returns are destributed with a variance of 1.6 and standard deviation of 1.26. The mean deviation of Wellington Strategic Eurp Eq N USD Acc is currently at 0.78. For similar time horizon, the selected benchmark (DOW) has volatility of 1.02
α
Alpha over DOW
=0.14
β
Beta against DOW=0.06
σ
Overall volatility
=1.26
Ir
Information ratio =0.20

Wellington Strategic Return Volatility

Wellington Strategic Eurp Eq N USD Acc accepts 1.264% volatility on return distribution over the 30 days horizon. DOW inherits 1.0479% 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

Insignificant

Investment Outlook

Wellington Strategic Investment Opportunity

Wellington Strategic Eurp Eq N USD Acc has a volatility of 1.26 and is 1.2 times more volatile than DOW. 11% 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 N USD Acc is lower than 11 (%) of all global equities and portfolios over the last 30 days. Use Wellington Strategic Eurp Eq N USD Acc to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Wellington Strategic to be traded at $12.89 in 30 days. As returns on market increase, returns on owning Wellington Strategic are expected to decrease at a much smaller rate. During bear market, Wellington Strategic is likely to outperform the market.

Wellington Strategic correlation with market

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

Wellington Strategic Volatility Indicators

Wellington Strategic Eurp Eq N USD Acc Current Risk Indicators

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