Polar Capital (Ireland) Risk Analysis And Volatility Evaluation

F00000W1L3 -- Ireland Fund  

GBp 1,035  6.00  0.58%

Macroaxis considers Polar Capital to be unknown risk. Polar Capital European maintains Sharpe Ratio (i.e. Efficiency) of -0.5774 which implies Polar Capital European had -0.5774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting 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. Polar Capital European exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Polar Capital European Coefficient Of Variation of 260.74 and Risk Adjusted Performance of 0.42 to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

Polar Capital Market Sensitivity

As returns on market increase, Polar Capital returns are expected to increase less than the market. However during bear market, the loss on holding Polar Capital will be expected to be smaller as well.
One Month Beta |Analyze Polar Capital European Demand Trend
Check current 30 days Polar Capital correlation with market (DOW)
β = 0.1906
Polar Capital Small BetaPolar Capital European Beta Legend

Polar Capital European Technical Analysis

Transformation
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Polar Capital Projected Return Density Against Market

Assuming 30 trading days horizon, Polar Capital has beta of 0.1906 suggesting as returns on market go up, Polar Capital average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Polar Capital European Ex UK Inc S Acc will be expected to be much smaller as well. Additionally, Polar Capital European Ex UK Inc S Acc 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 Polar Capital is -173.21. The daily returns are destributed with a variance of 0.2 and standard deviation of 0.44. The mean deviation of Polar Capital European Ex UK Inc S Acc is currently at 0.34. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.28
β
Beta against DOW=0.19
σ
Overall volatility
=0.44
Ir
Information ratio =0.18

Polar Capital Return Volatility

Polar Capital European Ex UK Inc S Acc accepts 0.4428% volatility on return distribution over the 30 days horizon. DOW inherits 1.0635% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Polar Capital Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Polar Capital Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 2.41 times more volatile than Polar Capital European Ex UK Inc S Acc. 4% of all equities and portfolios are less risky than Polar Capital. Compared to the overall equity markets, volatility of historical daily returns of Polar Capital European Ex UK Inc S Acc is lower than 4 (%) of all global equities and portfolios over the last 30 days. Use Polar Capital European Ex UK Inc S Acc to enhance returns of your portfolios. The fund experiences moderate upward volatility. Check odds of Polar Capital to be traded at p;1138.5 in 30 days. As returns on market increase, Polar Capital returns are expected to increase less than the market. However during bear market, the loss on holding Polar Capital will be expected to be smaller as well.

Polar Capital correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Polar Capital European Ex UK I and equity matching DJI index in the same portfolio.

Polar Capital Volatility Indicators

Polar Capital European Ex UK Inc S Acc Current Risk Indicators

Additionally see Investing Opportunities. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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