Altana Corporate (Ireland) Manager Performance Evaluation

F00000VPA9 -- Ireland Fund  

EUR 98.03  0.08  0.08%

The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Altana Corporate are completely uncorrelated. Although it is extremely important to respect Altana Corporate Bond historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Altana Corporate Bond technical indicators you can presently evaluate if the expected return of 0.0182% will be sustainable into the future.
 Time Horizon     30 Days    Login   to change

Altana Corporate Bond Relative Risk vs. Return Landscape

If you would invest  9,787  in Altana Corporate Bond A Inst EUR Acc on July 17, 2018 and sell it today you would earn a total of  16.00  from holding Altana Corporate Bond A Inst EUR Acc or generate 0.16% return on investment over 30 days. Altana Corporate Bond A Inst EUR Acc is generating 0.0182% of daily returns and assumes 0.0579% volatility on return distribution over the 30 days horizon. Simply put, 0% 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 generate 0.13 times more return on investment than the market. However, the company is 7.89 times less risky than the market. It trades about 0.31 of its potential returns per unit of risk. The DOW is currently generating roughly 0.02 per unit of risk.

Altana Corporate Current Valuation

Not valued
August 16, 2018
98.03
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 €98.03. 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 = 0.3137
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Based on monthly moving average Altana Corporate is performing at about 20% 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.

Performance Rating

Altana Corporate Bond A Inst EUR Acc Risk Adjusted Performance Analysis
20 

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Altana Corporate Bond A Inst EUR Acc are ranked lower than 20 (%) of all funds and portfolios of funds over the last 30 days.
Additionally see Investing Opportunities. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.