Polar Capital (Ireland) Risk Analysis And Volatility Evaluation

F00000UPXN -- Ireland Fund  

EUR 12.45  0.03  0.24%

We consider Polar Capital unknown risk. Polar Capital European maintains Sharpe Ratio (i.e. Efficiency) of 0.5774 which implies Polar Capital European had 0.5774% 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 company 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 58721.34 and Risk Adjusted Performance of 0.003657 to confirm if risk estimate we provide are consistent with the epected return of 0.0805%.
 Time Horizon     30 Days    Login   to change

Polar Capital Market Sensitivity

As returns on market increase, returns on owning Polar Capital are expected to decrease at a much smaller rate. During bear market, Polar Capital is likely to outperform the market.
One Month Beta |Analyze Polar Capital European Demand Trend
Check current 30 days Polar Capital correlation with market (DOW)
β = -0.0808
Polar Capital Almost negative betaPolar Capital European Beta Legend

Polar Capital European Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Polar Capital European Income S Acc has beta of -0.0808 suggesting as returns on benchmark increase, returns on holding Polar Capital are expected to decrease at a much smaller rate. During bear market, however, Polar Capital European Income S Acc is likely to outperform the market. Moreover, Polar Capital European Income S Acc has an alpha of 0.0026 implying that it can potentially generate 0.0026% 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 173.21. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.14. The mean deviation of Polar Capital European Income S Acc is currently at 0.11. For similar time horizon, the selected benchmark (DOW) has volatility of 0.6
α
Alpha over DOW
=0.0026
β
Beta against DOW=0.08
σ
Overall volatility
=0.14
Ir
Information ratio =0.38

Actual Return Volatility

Polar Capital European Income S Acc accepts 0.1394% volatility on return distribution over the 30 days horizon. DOW inherits 0.5977% 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
DOW has a standard deviation of returns of 0.6 and is 4.29 times more volatile than Polar Capital European Income S Acc. 1% 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 1 (%) 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 normal upward fluctuation. Check odds of Polar Capital to be traded at €13.07 in 30 days. As returns on market increase, returns on owning Polar Capital are expected to decrease at a much smaller rate. During bear market, Polar Capital is likely to outperform the market.

Polar Capital correlation with market

Good 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.
Additionally see Investing Opportunities. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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