First State (Ireland) Risk Analysis And Volatility Evaluation

IE0008368742 -- Ireland Fund  

USD 156.08  3.28  2.15%

Macroaxis considers First State unknown risk given 2 months investment horizon. First State China secures Sharpe Ratio (or Efficiency) of 0.2404 which denotes First State China had 0.2404% of return per unit of risk over the last 2 months. Our philosophy towards predicting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. By reviewing First State China technical indicators you can presently evaluate if the expected return of 0.7789% is justified by implied risk. Please utilize First State China to check if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

First State China Technical Analysis

Transformation
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First State 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 415.94. The daily returns are destributed with a variance of 10.5 and standard deviation of 3.24. The mean deviation of First State China Growth I Acc is currently at 2.33. For similar time horizon, the selected benchmark (DOW) has volatility of 1.32
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=3.24
Ir
Information ratio =0.00

First State Return Volatility

First State China Growth I Acc accepts 3.2396% volatility on return distribution over the 30 days horizon. DOW inherits 1.3328% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

First State Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

First State Investment Opportunity

First State China Growth I Acc has a volatility of 3.24 and is 2.44 times more volatile than DOW. 29% 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 29 (%) of all global equities and portfolios over the last 30 days.

First State Volatility Indicators

First State China Growth I Acc Current Risk Indicators

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