Hermes Asia (Ireland) Risk Analysis And Volatility Evaluation

F00000QKHU -- Ireland Fund  

USD 3.16  0.14  4.24%

Macroaxis considers Hermes Asia to be unknown risk. Hermes Asia Ex holds Efficiency (Sharpe) Ratio of -0.2185 which attests that Hermes Asia Ex had -0.2185% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. Hermes Asia Ex exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hermes Asia to validate risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Hermes Asia Ex Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Hermes Asia has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and Hermes Asia are completely uncorrelated. Furthermore, Hermes Asia Ex Japan Equity R AccIt does not look like Hermes Asia alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Hermes Asia is -457.58. The daily returns are destributed with a variance of 5.68 and standard deviation of 2.38. The mean deviation of Hermes Asia Ex Japan Equity R Acc is currently at 1.39. For similar time horizon, the selected benchmark (DOW) has volatility of 0.56
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=2.38
Ir
Information ratio =0.00

Actual Return Volatility

Hermes Asia Ex Japan Equity R Acc accepts 2.384% volatility on return distribution over the 30 days horizon. DOW inherits 0.5506% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Hermes Asia Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Hermes Asia Investment Opportunity
Hermes Asia Ex Japan Equity R Acc has a volatility of 2.38 and is 4.33 times more volatile than DOW. 21% of all equities and portfolios are less risky than Hermes Asia. Compared to the overall equity markets, volatility of historical daily returns of Hermes Asia Ex Japan Equity R Acc is lower than 21 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

Hermes Asia Current Risk Indicators
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