Macroaxis considers NFB Global to be unknown risk. NFB Global Balanced retains Efficiency (Sharpe Ratio) of -0.0764 which conveys that NFB Global Balanced had -0.0764% of return per unit of risk over the last 2 months. Macroaxis approach towards estimating 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. NFB Global exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify NFB Global Balanced Fd of Fds A USD Acc Semi Deviation of 0.0865, Market Risk Adjusted Performance of 0.5809 and Mean Deviation of 0.2655 to check out risk estimate we provide.
|Horizon||30 Days Login to change|
NFB Global Market Sensitivity
|As returns on market increase, NFB Global returns are expected to increase less than the market. However during bear market, the loss on holding NFB Global will be expected to be smaller as well.2 Months Beta |Analyze NFB Global Balanced Demand TrendCheck current 30 days NFB Global correlation with market (DOW)|
β = 0.1004
NFB Global Central Daily Price Deviation
NFB Global Balanced Technical Analysis
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NFB Global Projected Return Density Against MarketAssuming 30 trading days horizon, NFB Global has beta of 0.1004 suggesting as returns on market go up, NFB Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding NFB Global Balanced Fd of Fds A USD Acc will be expected to be much smaller as well. Moreover, NFB Global Balanced Fd of Fds A USD Acc has an alpha of 0.0764 implying that it can potentially generate 0.0764% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of NFB Global is -1308.18. The daily returns are destributed with a variance of 6.53 and standard deviation of 2.56. The mean deviation of NFB Global Balanced Fd of Fds A USD Acc is currently at 1.66. For similar time horizon, the selected benchmark (DOW) has volatility of 1.3
|Alpha over DOW||=||0.08|
|Beta against DOW||=||0.10|
NFB Global Return VolatilityNFB Global Balanced Fd of Fds A USD Acc accepts 2.5559% volatility on return distribution over the 30 days horizon. DOW inherits 1.3487% risk (volatility on return distribution) over the 30 days horizon.
NFB Global Balanced Fd of Fds A USD Acc has a volatility of 2.56 and is 1.9 times more volatile than DOW. 23% of all equities and portfolios are less risky than NFB Global. Compared to the overall equity markets, volatility of historical daily returns of NFB Global Balanced Fd of Fds A USD Acc is lower than 23 (%) of all global equities and portfolios over the last 30 days. Use NFB Global Balanced Fd of Fds A USD Acc to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of NFB Global to be traded at $12.31 in 30 days. As returns on market increase, NFB Global returns are expected to increase less than the market. However during bear market, the loss on holding NFB Global will be expected to be smaller as well.
NFB Global correlation with market