FT 6689 Risk Analysis And Volatility Evaluation

FZEMWX -- USA Fund  

USD 9.24  0.0026  0.0281%

We consider FT 6689 unknown risk. FT 6689 Core retains Efficiency (Sharpe Ratio) of 0.2541 which denotes FT 6689 Core had 0.2541% of return per unit of price deviation over the last 1 month. Our way in which we are predicting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for FT 6689 which you can use to evaluate future volatility of the entity. Please confirm FT 6689 Core Three Closed End Standard Deviation of 0.5688 and Market Risk Adjusted Performance of 0.0817 to check if risk estimate we provide are consistent with the epected return of 0.0577%.
Horizon     30 Days    Login   to change

FT 6689 Market Sensitivity

As returns on market increase, FT 6689 returns are expected to increase less than the market. However during bear market, the loss on holding FT 6689 will be expected to be smaller as well.
One Month Beta |Analyze FT 6689 Core Demand Trend
Check current 30 days FT 6689 correlation with market (DOW)
β = 0.2368
FT 6689 Small BetaFT 6689 Core Beta Legend

FT 6689 Core Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

FT 6689 Projected Return Density Against Market

Assuming 30 trading days horizon, FT 6689 has beta of 0.2368 suggesting as returns on market go up, FT 6689 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding FT 6689 Core Three Closed End will be expected to be much smaller as well. Moreover, FT 6689 Core Three Closed End has an alpha of 0.0038 implying that it can potentially generate 0.0038% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of FT 6689 is 393.47. The daily returns are destributed with a variance of 0.05 and standard deviation of 0.23. The mean deviation of FT 6689 Core Three Closed End is currently at 0.15. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44
α
Alpha over DOW
=0.0038
β
Beta against DOW=0.24
σ
Overall volatility
=0.23
Ir
Information ratio =0.07

FT 6689 Return Volatility

FT 6689 Core Three Closed End assumes 0.227% volatility of returns over the 30 days investment horizon. DOW inherits 0.4495% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Did you try this?

Run Alpha Finder Now

   

Alpha Finder

Use alpha and beta coefficients to find investment opportunities after accounting for the risk
All  Next Launch Alpha Finder

Investment Outlook

FT 6689 Investment Opportunity

DOW has a standard deviation of returns of 0.45 and is 1.96 times more volatile than FT 6689 Core Three Closed End. 2% of all equities and portfolios are less risky than FT 6689. Compared to the overall equity markets, volatility of historical daily returns of FT 6689 Core Three Closed End is lower than 2 (%) of all global equities and portfolios over the last 30 days. Use FT 6689 Core Three Closed End to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of FT 6689 to be traded at $9.7 in 30 days. As returns on market increase, FT 6689 returns are expected to increase less than the market. However during bear market, the loss on holding FT 6689 will be expected to be smaller as well.

FT 6689 correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding FT 6689 Core Three Closed End and equity matching DJI index in the same portfolio.

FT 6689 Volatility Indicators

FT 6689 Core Three Closed End Current Risk Indicators

Additionally see Investing Opportunities. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
Search macroaxis.com