Odey Odyssey (Ireland) Risk Analysis And Volatility Evaluation

Macroaxis considers Odey Odyssey to be unknown risk. Odey Odyssey R maintains Sharpe Ratio (i.e. Efficiency) of -0.5 which implies Odey Odyssey R had -0.5% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting 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. Odey Odyssey R exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Odey Odyssey R Coefficient Of Variation of 302.93 and Risk Adjusted Performance of 0.33 to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

Odey Odyssey Market Sensitivity

As returns on market increase, Odey Odyssey returns are expected to increase less than the market. However during bear market, the loss on holding Odey Odyssey will be expected to be smaller as well.
One Month Beta |Analyze Odey Odyssey R Demand Trend
Check current 30 days Odey Odyssey correlation with market (DOW)
β = 0.2036
Odey Odyssey Small BetaOdey Odyssey R Beta Legend

Odey Odyssey R Technical Analysis

Transformation
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Odey Odyssey Projected Return Density Against Market

Assuming 30 trading days horizon, Odey Odyssey has beta of 0.2036 suggesting as returns on market go up, Odey Odyssey average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Odey Odyssey R USD Acc will be expected to be much smaller as well. 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 
Assuming 30 trading days horizon, the coefficient of variation of Odey Odyssey is -200.0. The daily returns are destributed with a variance of 0.52 and standard deviation of 0.72. The mean deviation of Odey Odyssey R USD Acc is currently at 0.54. For similar time horizon, the selected benchmark (DOW) has volatility of 1.02
α
Alpha over DOW
=0.67
β
Beta against DOW=0.20
σ
Overall volatility
=0.72
Ir
Information ratio =0.26

Odey Odyssey Return Volatility

Odey Odyssey R USD Acc accepts 0.7231% volatility on return distribution over the 30 days horizon. DOW inherits 1.023% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Odey Odyssey Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Odey Odyssey Investment Opportunity

DOW has a standard deviation of returns of 1.02 and is 1.42 times more volatile than Odey Odyssey R USD Acc. 6% 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 6 (%) of all global equities and portfolios over the last 30 days. Use Odey Odyssey R USD Acc to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of Odey Odyssey to be traded at $0.0 in 30 days. As returns on market increase, Odey Odyssey returns are expected to increase less than the market. However during bear market, the loss on holding Odey Odyssey will be expected to be smaller as well.

Odey Odyssey correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Odey Odyssey R USD Acc and equity matching DJI index in the same portfolio.

Odey Odyssey Volatility Indicators

Odey Odyssey R USD Acc Current Risk Indicators

Additionally see Investing Opportunities. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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