First State (Ireland) Risk Analysis And Volatility Evaluation

IE0008368742 -- Ireland Fund  

USD 156.97  9.30  5.59%

Macroaxis considers First State to be not too risky. First State China secures Sharpe Ratio (or Efficiency) of -0.2206 which denotes First State China had -0.2206% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting 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. First State China Growth I Acc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm First State China to check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

First State China Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. First State China Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Assuming 30 trading days horizon, First State has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and First State are completely uncorrelated. Furthermore, First State China Growth I AccIt does not look like First State alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of First State is -453.35. The daily returns are destributed with a variance of 16.69 and standard deviation of 4.08. The mean deviation of First State China Growth I Acc is currently at 2.38. For similar time horizon, the selected benchmark (DOW) has volatility of 0.55
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=4.08
Ir
Information ratio =0.00

Actual Return Volatility

First State China Growth I Acc accepts 4.0849% volatility on return distribution over the 30 days horizon. DOW inherits 0.5519% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

First State Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Very low

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

First State Investment Opportunity
First State China Growth I Acc has a volatility of 4.08 and is 7.42 times more volatile than DOW. 37% of all equities and portfolios are less risky than First State. Compared to the overall equity markets, volatility of historical daily returns of First State China Growth I Acc is lower than 37 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

First State Current Risk Indicators
Please also check Risk vs Return Analysis. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.