Polar UK (Ireland) Risk Analysis And Volatility Evaluation

F00000UHSY -- Ireland Fund  

EUR 25.32  0.03  0.12%

Macroaxis considers Polar UK to be unknown risk. Polar UK Absolute maintains Sharpe Ratio (i.e. Efficiency) of -0.4228 which implies Polar UK Absolute had -0.4228% 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. Polar UK Absolute exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Polar UK Absolute Coefficient Of Variation of 449.03 and Risk Adjusted Performance of 0.1034 to confirm risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Polar UK Market Sensitivity

As returns on market increase, Polar UK returns are expected to increase less than the market. However during bear market, the loss on holding Polar UK will be expected to be smaller as well.
One Month Beta |Analyze Polar UK Absolute Demand Trend
Check current 30 days Polar UK correlation with market (DOW)
β = 0.0824
Polar UK Small BetaPolar UK Absolute Beta Legend

Polar UK Absolute Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Polar UK has beta of 0.0824 suggesting as returns on market go up, Polar UK average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Polar UK Absolute Equity S Euro will be expected to be much smaller as well. Moreover, Polar UK Absolute Equity S Euro has an alpha of 0.0832 implying that it can potentially generate 0.0832% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Polar UK is -236.51. The daily returns are destributed with a variance of 0.28 and standard deviation of 0.53. The mean deviation of Polar UK Absolute Equity S Euro is currently at 0.4. For similar time horizon, the selected benchmark (DOW) has volatility of 0.46
α
Alpha over DOW
=0.08
β
Beta against DOW=0.08
σ
Overall volatility
=0.53
Ir
Information ratio =0.04

Actual Return Volatility

Polar UK Absolute Equity S Euro accepts 0.5309% volatility on return distribution over the 30 days horizon. DOW inherits 0.5115% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Polar UK Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Polar UK Investment Opportunity
Polar UK Absolute Equity S Euro has a volatility of 0.53 and is 1.04 times more volatile than DOW. 4% of all equities and portfolios are less risky than Polar UK. Compared to the overall equity markets, volatility of historical daily returns of Polar UK Absolute Equity S Euro is lower than 4 (%) of all global equities and portfolios over the last 30 days. Use Polar UK Absolute Equity S Euro to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Polar UK to be traded at €25.07 in 30 days. As returns on market increase, Polar UK returns are expected to increase less than the market. However during bear market, the loss on holding Polar UK will be expected to be smaller as well.

Polar UK correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Polar UK Absolute Equity S Eur and equity matching DJI index in the same portfolio.
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