Veritas Global (Ireland) Risk Analysis And Volatility Evaluation

F0GBR06Q8T -- Ireland Fund  

GBp 17,766  39.00  0.22%

Macroaxis considers Veritas Global to be unknown risk. Veritas Global Eq owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.5774 which indicates Veritas Global Eq had -0.5774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring 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. Veritas Global Eq Income Retail GBP exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Veritas Global Coefficient Of Variation of 496.66 and Risk Adjusted Performance of 0.24 to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

Veritas Global Market Sensitivity

As returns on market increase, Veritas Global returns are expected to increase less than the market. However during bear market, the loss on holding Veritas Global will be expected to be smaller as well.
One Month Beta |Analyze Veritas Global Eq Demand Trend
Check current 30 days Veritas Global correlation with market (DOW)
β = 0.0053
Veritas Global Small BetaVeritas Global Eq Beta Legend

Veritas Global Eq Technical Analysis

Transformation
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Veritas Global Projected Return Density Against Market

Assuming 30 trading days horizon, Veritas Global has beta of 0.0053 suggesting as returns on market go up, Veritas Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Veritas Global Eq Income Retail GBP will be expected to be much smaller as well. Additionally, Veritas Global Eq Income Retail GBP 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 Veritas Global is -173.21. The daily returns are destributed with a variance of 2.21 and standard deviation of 1.49. The mean deviation of Veritas Global Eq Income Retail GBP is currently at 1.15. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.09
β
Beta against DOW=0.0053
σ
Overall volatility
=1.49
Ir
Information ratio =0.22

Veritas Global Return Volatility

Veritas Global Eq Income Retail GBP accepts 1.488% 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

Veritas Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Veritas Global Investment Opportunity

Veritas Global Eq Income Retail GBP has a volatility of 1.49 and is 1.41 times more volatile than DOW. 13% of all equities and portfolios are less risky than Veritas Global. Compared to the overall equity markets, volatility of historical daily returns of Veritas Global Eq Income Retail GBP is lower than 13 (%) of all global equities and portfolios over the last 30 days. Use Veritas Global Eq Income Retail GBP to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Veritas Global to be traded at p;18654.3 in 30 days. As returns on market increase, Veritas Global returns are expected to increase less than the market. However during bear market, the loss on holding Veritas Global will be expected to be smaller as well.

Veritas Global correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Veritas Global Eq Income Retai and equity matching DJI index in the same portfolio.

Veritas Global Volatility Indicators

Veritas Global Eq Income Retail GBP Current Risk Indicators

Additionally see Investing Opportunities. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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