Iridian U (Ireland) Risk Analysis And Volatility Evaluation

F00000VIPX -- Ireland Fund  

GBp 13,830  449.00  3.14%

Macroaxis considers Iridian U unknown risk given 1 month investment horizon. Iridian U S holds Efficiency (Sharpe) Ratio of 0.188 which attests that Iridian U S had 0.188% of return per unit of risk over the last 1 month. 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. By evaluating Iridian U S technical indicators you can presently evaluate if the expected return of 0.7213% is justified by implied risk. Please utilize Iridian U Market Risk Adjusted Performance of 2.44 and Risk Adjusted Performance of 0.08 to validate if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

Iridian U Market Sensitivity

As returns on market increase, returns on owning Iridian U are expected to decrease at a much smaller rate. During bear market, Iridian U is likely to outperform the market.
One Month Beta |Analyze Iridian U S Demand Trend
Check current 30 days Iridian U correlation with market (DOW)
β = -0.0681
Iridian U Almost negative betaIridian U S Beta Legend

Iridian U S 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.

Iridian U Projected Return Density Against Market

Assuming 30 trading days horizon, Iridian U S Equity I GBP has beta of -0.0681 suggesting as returns on benchmark increase, returns on holding Iridian U are expected to decrease at a much smaller rate. During bear market, however, Iridian U S Equity I GBP is likely to outperform the market. Additionally, Iridian U S Equity I GBP has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Iridian U is 531.95. The daily returns are destributed with a variance of 14.72 and standard deviation of 3.84. The mean deviation of Iridian U S Equity I GBP is currently at 2.65. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.16
β
Beta against DOW=0.07
σ
Overall volatility
=3.84
Ir
Information ratio =0.36

Iridian U Return Volatility

Iridian U S Equity I GBP accepts 3.8368% volatility on return distribution over the 30 days horizon. DOW inherits 0.4303% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Iridian U Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Iridian U Investment Opportunity

Iridian U S Equity I GBP has a volatility of 3.84 and is 8.93 times more volatile than DOW. 34% of all equities and portfolios are less risky than Iridian U. Compared to the overall equity markets, volatility of historical daily returns of Iridian U S Equity I GBP is lower than 34 (%) of all global equities and portfolios over the last 30 days. Use Iridian U S Equity I GBP to protect against small markets fluctuations. The fund experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Iridian U to be traded at p;13276.8 in 30 days. As returns on market increase, returns on owning Iridian U are expected to decrease at a much smaller rate. During bear market, Iridian U is likely to outperform the market.

Iridian U correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Iridian U S Equity I GBP Inc and equity matching DJI index in the same portfolio.

Iridian U Volatility Indicators

Iridian U S Equity I GBP Current Risk Indicators

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