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 Risk Adjusted Performance of
(0.23) and Coefficient Of Variation of (302.93) 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 TrendCheck current 30 days Odey Odyssey correlation with market (DOW)|
β = -0.1092
Odey Odyssey Central Daily Price Deviation
Odey Odyssey R Technical Analysis
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Odey Odyssey Projected Return Density Against MarketAssuming 30 trading days horizon, Odey Odyssey R USD Acc has beta of -0.1092 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, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Odey Odyssey R is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.69|
|Beta against DOW||=||0.11|
Odey Odyssey Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6912% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 0.69 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. Use Odey Odyssey R USD Acc to enhance returns of your portfolios. The fund experiences large bullish trend. Check odds of Odey Odyssey to be traded at $74.97 in 30 days. . 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.
Odey Odyssey correlation with market