Altana Corporate (Ireland) Risk Analysis And Volatility Evaluation

F00000VPA9 -- Ireland Fund  

EUR 98.24  0.14  0.14%

We consider Altana Corporate unknown risk. Altana Corporate Bond secures Sharpe Ratio (or Efficiency) of 0.5083 which signifies that Altana Corporate Bond had 0.5083% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Altana Corporate Bond A Inst EUR Acc which you can use to evaluate future volatility of the entity. Please confirm Altana Corporate Bond to double-check if risk estimate we provide are consistent with the epected return of 0.0408%.
 Time Horizon     30 Days    Login   to change

Altana Corporate Bond Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Altana Corporate has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and Altana Corporate are completely uncorrelated. Furthermore, Altana Corporate Bond A Inst EUR AccIt does not look like Altana Corporate alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Altana Corporate is 196.72. The daily returns are destributed with a variance of 0.01 and standard deviation of 0.08. The mean deviation of Altana Corporate Bond A Inst EUR Acc is currently at 0.06. For similar time horizon, the selected benchmark (DOW) has volatility of 0.55
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=0.08
Ir
Information ratio =0.00

Actual Return Volatility

Altana Corporate Bond A Inst EUR Acc accepts 0.0803% volatility on return distribution over the 30 days horizon. DOW inherits 0.5516% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Altana Corporate Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Altana Corporate Investment Opportunity
DOW has a standard deviation of returns of 0.55 and is 6.88 times more volatile than Altana Corporate Bond A Inst EUR Acc. 0% of all equities and portfolios are less risky than Altana Corporate. Compared to the overall equity markets, volatility of historical daily returns of Altana Corporate Bond A Inst EUR Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

Altana Corporate Current Risk Indicators
Additionally see Investing Opportunities. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.