Odey Odyssey (Ireland) Risk Analysis And Volatility Evaluation

F00000PZZU -- Ireland Fund  

USD 68.15  0.82  1.22%

Our philosophy towards forecasting 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 Odey Odyssey R which you can use to evaluate future volatility of the fund. Please check Odey Odyssey R Coefficient Of Variation of (302.93) and Risk Adjusted Performance of (0.45) to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

Odey Odyssey Market Sensitivity

As returns on market increase, returns on owning Odey Odyssey are expected to decrease at a much smaller rate. During bear market, Odey Odyssey is likely to outperform the market.
2 Months Beta |Analyze Odey Odyssey R Demand Trend
Check current 30 days Odey Odyssey correlation with market (DOW)
β = -0.0026

Odey Odyssey Central Daily Price Deviation

Odey Odyssey R Technical Analysis

Transformation
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Odey Odyssey Projected Return Density Against Market

Assuming 30 trading days horizon, Odey Odyssey R USD Acc has beta of -0.0026 suggesting as returns on benchmark increase, returns on holding Odey Odyssey are expected to decrease at a much smaller rate. During bear market, however, Odey Odyssey R USD Acc is likely to outperform the market. Additionally, Odey Odyssey R USD Acc 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 
α
Alpha over DOW
=0.7
β
Beta against DOW=0.0026
σ
Overall volatility
=0.00
Ir
Information ratio =0.25

Odey Odyssey Return Volatility

Odey Odyssey R USD Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3128% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Odey Odyssey Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Odey Odyssey Investment Opportunity

DOW has a standard deviation of returns of 1.31 and is 9.223372036854776E16 times more volatile than Odey Odyssey R USD Acc. 0% of all equities and portfolios are less risky than Odey Odyssey. Compared to the overall equity markets, volatility of historical daily returns of Odey Odyssey R USD Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days.

Odey Odyssey Volatility Indicators

Odey Odyssey R USD Acc Current Risk Indicators

Additionally see Investing Opportunities. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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