|Horizon||30 Days Login to change|
Hermes Asia Market Sensitivity
|As returns on market increase, returns on owning Hermes Asia are expected to decrease at a much smaller rate. During bear market, Hermes Asia is likely to outperform the market.One Month Beta |Analyze Hermes Asia Ex Demand TrendCheck current 30 days Hermes Asia correlation with market (DOW)|
β = -0.2708
Hermes Asia Ex Technical Analysis
Hermes Asia Projected Return Density Against MarketAssuming 30 trading days horizon, Hermes Asia Ex Japan Equity C EUR Acc has beta of -0.2708 suggesting as returns on benchmark increase, returns on holding Hermes Asia are expected to decrease at a much smaller rate. During bear market, however, Hermes Asia Ex Japan Equity C EUR Acc is likely to outperform the market. Moreover, Hermes Asia Ex Japan Equity C EUR Acc has an alpha of 0.112 implying that it can potentially generate 0.112% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Hermes Asia Return VolatilityHermes Asia Ex Japan Equity C EUR Acc accepts 0.6343% volatility on return distribution over the 30 days horizon. DOW inherits 0.3914% risk (volatility on return distribution) over the 30 days horizon.