GAM Star (Ireland) Risk Analysis And Volatility Evaluation

F00000V6SK -- Ireland Fund  

USD 13.30  0.00  0.00%

Macroaxis considers GAM Star unknown risk given 1 month investment horizon. GAM Star India holds Efficiency (Sharpe) Ratio of 0.4716 which attests that GAM Star India had 0.4716% of return per unit of risk over the last 1 month. Our approach towards determining 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 GAM Star India which you can use to evaluate future volatility of the entity. Please utilize GAM Star to validate if our risk estimates are consistent with your expectations.
 Time Horizon     30 Days    Login   to change

GAM Star Market Sensitivity

As returns on market increase, returns on owning GAM Star are expected to decrease at a much smaller rate. During bear market, GAM Star is likely to outperform the market.
One Month Beta |Analyze GAM Star India Demand Trend
Check current 30 days GAM Star correlation with market (DOW)
β = -0.0028
GAM Star Almost negative betaGAM Star India Beta Legend

GAM Star India 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, GAM Star India Equity Inst USD Acc has beta of -0.0028 suggesting as returns on benchmark increase, returns on holding GAM Star are expected to decrease at a much smaller rate. During bear market, however, GAM Star India Equity Inst USD Acc is likely to outperform the market. Moreover, GAM Star India Equity Inst USD Acc has an alpha of 0.0042 implying that it can potentially generate 0.0042% 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 GAM Star is 212.06. The daily returns are destributed with a variance of 0.8 and standard deviation of 0.89. The mean deviation of GAM Star India Equity Inst USD Acc is currently at 0.67. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.0042
β
Beta against DOW=0.0028
σ
Overall volatility
=0.89
Ir
Information ratio =0.35

Actual Return Volatility

GAM Star India Equity Inst USD Acc accepts 0.8924% 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

GAM Star Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

GAM Star Investment Opportunity
GAM Star India Equity Inst USD Acc has a volatility of 0.89 and is 1.56 times more volatile than DOW. 8% of all equities and portfolios are less risky than GAM Star. Compared to the overall equity markets, volatility of historical daily returns of GAM Star India Equity Inst USD Acc is lower than 8 (%) of all global equities and portfolios over the last 30 days. Use GAM Star India Equity Inst USD Acc to protect against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of GAM Star to be traded at $13.17 in 30 days. As returns on market increase, returns on owning GAM Star are expected to decrease at a much smaller rate. During bear market, GAM Star is likely to outperform the market.

GAM Star correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding GAM Star India Equity Inst USD and equity matching DJI index in the same portfolio.
Additionally see Investing Opportunities. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.