Macroaxis considers ANIMA Star to be unknown risk. ANIMA Star Bond secures Sharpe Ratio (or Efficiency) of -0.7303 which signifies that ANIMA Star Bond had -0.7303% of return per unit of return volatility over the last 1 month. Macroaxis approach to 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. ANIMA Star Bond B Acc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ANIMA Star Bond Risk Adjusted Performance of 0.20 and Mean Deviation of 0.1962 to double-check risk estimate we provide.
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Projected Return Density Against Market
Assuming 30 trading days horizon, ANIMA Star has beta of 0.1052 suggesting as returns on market go up, ANIMA Star average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ANIMA Star Bond B Acc will be expected to be much smaller as well. Additionally, ANIMA Star Bond B 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
Assuming 30 trading days horizon, the coefficient of variation of ANIMA Star is -136.93. The daily returns are destributed with a variance of 0.01 and standard deviation of 0.12. The mean deviation of ANIMA Star Bond B Acc is currently at 0.1. For similar time horizon, the selected benchmark (DOW) has volatility of 0.54
DOW has a standard deviation of returns of 0.65 and is 5.42 times more volatile than ANIMA Star Bond B Acc. 1% of all equities and portfolios are less risky than ANIMA Star. Compared to the overall equity markets, volatility of historical daily returns of ANIMA Star Bond B Acc is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use ANIMA Star Bond B Acc to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of ANIMA Star to be traded at 4.71 in 30 days. As returns on market increase, ANIMA Star returns are expected to increase less than the market. However during bear market, the loss on holding ANIMA Star will be expected to be smaller as well.
ANIMA Star correlation with market
Average diversificationOverlapping area represents the amount of risk that can be diversified away by holding ANIMA Star Bond B Acc and equity matching DJI index in the same portfolio.