Polar Capital (Ireland) Risk Analysis And Volatility Evaluation

F00000UPXN -- Ireland Fund  

EUR 12.56  0.08  0.64%

We consider Polar Capital unknown risk. Polar Capital European maintains Sharpe Ratio (i.e. Efficiency) of 0.002 which implies Polar Capital European had 0.002% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Polar Capital European which you can use to evaluate future volatility of the fund. Please check Polar Capital European Coefficient Of Variation of 500.32 and Risk Adjusted Performance of 0.0887 to confirm if risk estimate we provide are consistent with the epected return of 0.001%.
Horizon     30 Days    Login   to change

Polar Capital Market Sensitivity

As returns on market increase, Polar Capital returns are expected to increase less than the market. However during bear market, the loss on holding Polar Capital will be expected to be smaller as well.
One Month Beta |Analyze Polar Capital European Demand Trend
Check current 30 days Polar Capital correlation with market (DOW)
β = 0.0424
Polar Capital Small BetaPolar Capital European Beta Legend

Polar Capital European Technical Analysis

Transformation
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Polar Capital Projected Return Density Against Market

Assuming 30 trading days horizon, Polar Capital has beta of 0.0424 suggesting as returns on market go up, Polar Capital average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Polar Capital European Income S Acc will be expected to be much smaller as well. Moreover, Polar Capital European Income S Acc has an alpha of 0.0576 implying that it can potentially generate 0.0576% 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 Capital is 50897.74. The daily returns are destributed with a variance of 0.27 and standard deviation of 0.52. The mean deviation of Polar Capital European Income S Acc is currently at 0.32. For similar time horizon, the selected benchmark (DOW) has volatility of 0.45
α
Alpha over DOW
=0.06
β
Beta against DOW=0.0424
σ
Overall volatility
=0.52
Ir
Information ratio =0.27

Polar Capital Return Volatility

Polar Capital European Income S Acc accepts 0.5217% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Polar Capital Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Polar Capital Investment Opportunity

Polar Capital European Income S Acc has a volatility of 0.52 and is 1.16 times more volatile than DOW. 4% of all equities and portfolios are less risky than Polar Capital. Compared to the overall equity markets, volatility of historical daily returns of Polar Capital European Income S Acc is lower than 4 (%) of all global equities and portfolios over the last 30 days. Use Polar Capital European Income S Acc to enhance returns of your portfolios. The fund experiences moderate upward volatility. Check odds of Polar Capital to be traded at €13.82 in 30 days. As returns on market increase, Polar Capital returns are expected to increase less than the market. However during bear market, the loss on holding Polar Capital will be expected to be smaller as well.

Polar Capital correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Polar Capital European Income and equity matching DJI index in the same portfolio.

Polar Capital Volatility Indicators

Polar Capital European Income S Acc Current Risk Indicators

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