Hermes Asia (Ireland) Risk Analysis And Volatility Evaluation

F00000VIC3 -- Ireland Fund  

EUR 2.91  0.02  0.68%

Our philosophy towards determining 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 Hermes Asia Ex which you can use to evaluate future volatility of the entity. Please check out Hermes Asia Market Risk Adjusted Performance of 0.80 and Risk Adjusted Performance of 0.1897 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
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 Trend
Check current 30 days Hermes Asia correlation with market (DOW)
β = -0.0273

Hermes Asia Central Daily Price Deviation

Hermes Asia Ex Technical Analysis

Transformation
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Hermes Asia Projected Return Density Against Market

Assuming 30 trading days horizon, Hermes Asia Ex Japan Equity C EUR Acc has beta of -0.0273 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 0.0201 implying that it can potentially generate 0.0201% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0201
β
Beta against DOW=0.03
σ
Overall volatility
=0.00
Ir
Information ratio =0.66

Hermes Asia Return Volatility

Hermes Asia Ex Japan Equity C EUR Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.1692% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Hermes Asia Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Hermes Asia Investment Opportunity

DOW has a standard deviation of returns of 1.17 and is 9.223372036854776E16 times more volatile than Hermes Asia Ex Japan Equity C EUR Acc. 0% of all equities and portfolios are less risky than Hermes Asia. Compared to the overall equity markets, volatility of historical daily returns of Hermes Asia Ex Japan Equity C EUR Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Hermes Asia Ex Japan Equity C EUR Acc to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of Hermes Asia to be traded at €2.85 in 30 days. 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.

Hermes Asia correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Hermes Asia Ex Japan Equity C and equity matching DJI index in the same portfolio.

Hermes Asia Volatility Indicators

Hermes Asia Ex Japan Equity C EUR Acc Current Risk Indicators

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