Altana Corporate (Ireland) Risk Analysis And Volatility

F00000VPA9 -- Ireland Fund  

EUR 96.51  0.01  0.0001%

Macroaxis considers Altana Corporate to be unknown risk. Altana Corporate Bond secures Sharpe Ratio (or Efficiency) of -0.5346 which signifies that the fund had -0.5346% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Altana Corporate Bond A Inst EUR Acc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Altana Corporate Bond to double-check risk estimate we provide.
Horizon     30 Days    Login   to change

Altana Corporate Bond Technical Analysis

Transformation
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Altana Corporate Projected Return Density Against Market

Assuming 30 trading days horizon, Altana Corporate has beta of 0.0 suggesting the returns on DOW and Altana Corporate do not appear to be correlated. Furthermore, It does not look like the company 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 -187.05. The daily returns are destributed with a variance of 0.07 and standard deviation of 0.26. The mean deviation of Altana Corporate Bond A Inst EUR Acc is currently at 0.2. For similar time horizon, the selected benchmark (DOW) has volatility of 1.94
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=0.26
Ir
Information ratio =0.00

Altana Corporate Return Volatility

the fund accepts 0.2594% volatility on return distribution over the 30 days horizon. the entity inherits 1.9932% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Altana Corporate Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Altana Corporate Investment Opportunity

DOW has a standard deviation of returns of 1.99 and is 7.65 times more volatile than Altana Corporate Bond A Inst EUR Acc. 2% 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 2 (%) of all global equities and portfolios over the last 30 days.

Altana Corporate Volatility Indicators

Altana Corporate Bond A Inst EUR Acc Current Risk Indicators

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