|Horizon||30 Days Login to change|
R Parus Market Sensitivity
|As returns on market increase, returns on owning R Parus are expected to decrease at a much smaller rate. During bear market, R Parus is likely to outperform the market.One Month Beta |Analyze R Parus I Demand TrendCheck current 30 days R Parus correlation with market (DOW)|
β = -0.2279
R Parus I Technical Analysis
R Parus Projected Return Density Against MarketAssuming 30 trading days horizon, R Parus I Euro Unhedged has beta of -0.2279 suggesting as returns on benchmark increase, returns on holding R Parus are expected to decrease at a much smaller rate. During bear market, however, R Parus I Euro Unhedged is likely to outperform the market. Moreover, R Parus I Euro Unhedged has an alpha of 0.2245 implying that it can potentially generate 0.2245% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
R Parus Return VolatilityR Parus I Euro Unhedged accepts 1.0024% volatility on return distribution over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.