Altana Corporate (Ireland) Manager Performance Evaluation

F00000VPA9 -- Ireland Fund  

EUR 96.55  0.30  0.31%

The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Altana Corporate are completely uncorrelated. Even though it is essential to pay attention to Altana Corporate Bond historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Altana Corporate Bond A Inst EUR Acc exposes twenty-one different technical indicators which can help you to evaluate its performance.
Horizon     30 Days    Login   to change

Altana Corporate Bond Relative Risk vs. Return Landscape

If you would invest  9,868  in Altana Corporate Bond A Inst EUR Acc on November 16, 2018 and sell it today you would lose (213.00)  from holding Altana Corporate Bond A Inst EUR Acc or give up 2.16% of portfolio value over 30 days. Altana Corporate Bond A Inst EUR Acc is generating negative expected returns and assumes 0.3562% volatility on return distribution over the 30 days horizon. Simply put, 3% of equities are less volatile than Altana Corporate Bond A Inst EUR Acc and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Altana Corporate Bond A Inst EUR Acc is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 3.63 times less risky than the market. the firm trades about -0.68 of its potential returns per unit of risk. The DOW is currently generating roughly -0.11 of returns per unit of risk over similar time horizon.

Altana Corporate Current Valuation

Not valued
December 16, 2018
96.55
Market Value
0.00
Real Value
Target Odds
  
0.00
Upside
Altana Corporate is Unknown risk asset. Altana Corporate Bond prevailing Real Value cannot be determined due to lack of data. The current price of Altana Corporate Bond is €96.55. Based on Macroaxis valuation methodology, the entity cannot be evaluated at this time. Macroaxis essentially approximates value of Altana Corporate Bond from analyzing the entity technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend.

Altana Corporate Market Risk Analysis

Sharpe Ratio = -0.6783
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Altana Corporate Relative Performance Indicators

Estimated Market Risk
 0.36
  actual daily
 
 3 %
of total potential
 
3
Expected Return
 -0.24
  actual daily
 
 0 %
of total potential
 
0
Risk-Adjusted Return
 -0.68
  actual daily
 
 0 %
of total potential
 
0
Based on monthly moving average Altana Corporate is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Altana Corporate by adding it to a well-diversified portfolio.

Altana Corporate Performance Rating

Altana Corporate Bond A Inst EUR Acc Risk Adjusted Performance Analysis

0

Risk-Adjusted Fund Performance

Over the last 30 days Altana Corporate Bond A Inst EUR Acc has generated negative risk-adjusted returns adding no value to fund investors.

Altana Corporate Alerts

Equity Alerts and Improvement Suggestions

Altana Corporate is not yet fully synchronised with the market data
Altana Corporate generates negative expected return over the last 30 days
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