Macroaxis considers GAM Star to be unknown risk. GAM Star Cat holds Efficiency (Sharpe) Ratio of -0.5774 which attests that GAM Star Cat had -0.5774% of return per unit of risk over the last 2 months. Macroaxis approach towards determining 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. GAM Star Cat exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out GAM Star to validate risk estimate we provide.
|Horizon||30 Days Login to change|
GAM Star Market Sensitivity
|As returns on market increase, returns on owning GAM Star are expected to decrease at a much smaller rate. During bear market, GAM Star is likely to outperform the market. 2 Months Beta |Analyze GAM Star Cat Demand TrendCheck current 30 days GAM Star correlation with market (DOW)|
β = -0.035
GAM Star Central Daily Price Deviation
GAM Star Cat Technical Analysis
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GAM Star Projected Return Density Against MarketAssuming 30 trading days horizon, GAM Star Cat Bond A EUR Acc has beta of -0.035 suggesting as returns on benchmark increase, returns on holding GAM Star are expected to decrease at a much smaller rate. During bear market, however, GAM Star Cat Bond A EUR Acc is likely to outperform the market. Additionally, GAM Star Cat Bond A EUR 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 GAM Star is -173.21. The daily returns are destributed with a variance of 0.61 and standard deviation of 0.78. The mean deviation of GAM Star Cat Bond A EUR Acc is currently at 0.6. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
|Alpha over DOW||=||0.05|
|Beta against DOW||=||0.04|
GAM Star Return VolatilityGAM Star Cat Bond A EUR Acc accepts 0.7825% volatility on return distribution over the 30 days horizon. DOW inherits 2.0465% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 2.05 and is 2.63 times more volatile than GAM Star Cat Bond A EUR Acc. 7% of all equities and portfolios are less risky than GAM Star. Compared to the overall equity markets, volatility of historical daily returns of GAM Star Cat Bond A EUR Acc is lower than 7 (%) of all global equities and portfolios over the last 30 days. Use GAM Star Cat Bond A EUR Acc to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of GAM Star to be traded at 10.09 in 30 days. . As returns on market increase, returns on owning GAM Star are expected to decrease at a much smaller rate. During bear market, GAM Star is likely to outperform the market.
GAM Star correlation with market