Polar Capital (Ireland) Risk Analysis And Volatility Evaluation

F00000UPXO -- Ireland Fund  

EUR 10.81  0.04  0.37%

Macroaxis considers Polar Capital to be unknown risk. Polar Capital European maintains Sharpe Ratio (i.e. Efficiency) of -0.7687 which implies Polar Capital European had -0.7687% 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 Capital European exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Polar Capital European Coefficient Of Variation of 489.48 and Risk Adjusted Performance of 0.0924 to confirm risk estimate we provide.
 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 = -0.2476
Polar Capital Almost negative betaPolar Capital European Beta Legend

Polar Capital European Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Projected Return Density Against Market

Assuming 30 trading days horizon, Polar Capital Europeanome S has beta of -0.2476 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 Europeanome S is likely to outperform the market. Moreover, Polar Capital Europeanome S has an alpha of 0.0615 implying that it can potentially generate 0.0615% 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 -130.09. The daily returns are destributed with a variance of 0.83 and standard deviation of 0.91. The mean deviation of Polar Capital Europeanome S is currently at 0.69. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49
α
Alpha over DOW
=0.06
β
Beta against DOW=0.25
σ
Overall volatility
=0.91
Ir
Information ratio =0.01

Actual Return Volatility

Polar Capital Europeanome S accepts 0.9095% volatility on return distribution over the 30 days horizon. DOW inherits 0.5654% 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 Europeanome S has a volatility of 0.91 and is 1.6 times more volatile than DOW. 8% 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 Europeanome S is lower than 8 (%) of all global equities and portfolios over the last 30 days. Use Polar Capital Europeanome S to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Polar Capital to be traded at €11.35 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

Very 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.

Volatility Indicators

Polar Capital Current Risk Indicators
Additionally see Investing Opportunities. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .