Our approach to determining volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for HRB40 13 which you can use to evaluate future volatility of the entity. Please check out HRB40-13 Market Risk Adjusted Performance of
(0.07), Semi Deviation of 0.0712 and Downside Deviation of 0.2187 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
HRB40 13 Market Sensitivity
|As returns on market increase, HRB40 13 returns are expected to increase less than the market. However during bear market, the loss on holding HRB40 13 will be expected to be smaller as well. 2 Months Beta |Analyze HRB40-13 Demand TrendCheck current 30 days HRB40 13 correlation with market (DOW)|
β = 0.0267
HRB40 13 Central Daily Price Deviation
HRB40-13 Technical Analysis
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HRB40 13 Projected Return Density Against MarketAssuming 30 trading days horizon, HRB40 13 has beta of 0.0267 . This indicates as returns on market go up, HRB40 13 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding HRB40-13 will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. HRB40-13 is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.0039|
|Beta against DOW||=||0.0267|
HRB40 13 Return Volatilitythe entity accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6865% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 0.69 and is 9.223372036854776E16 times more volatile than HRB40-13. 0% of all equities and portfolios are less risky than HRB40 13. Compared to the overall equity markets, volatility of historical daily returns of HRB40-13 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use HRB40-13 to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of HRB40 13 to be traded at S315.63 in 30 days. . As returns on market increase, HRB40 13 returns are expected to increase less than the market. However during bear market, the loss on holding HRB40 13 will be expected to be smaller as well.
HRB40 13 correlation with market
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