First State (Ireland) Risk Analysis And Volatility Evaluation

IE0008368742 -- Ireland Fund  

USD 141.72  11.68  7.61%

Macroaxis considers First State to be unknown risk. First State China secures Sharpe Ratio (or Efficiency) of -0.1786 which denotes First State China had -0.1786% 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.
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.
Assuming 30 trading days horizon, the coefficient of variation of First State is -560.04. The daily returns are destributed with a variance of 14.99 and standard deviation of 3.87. The mean deviation of First State China Growth I Acc is currently at 2.55. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=3.87
Ir
Information ratio =0.00

First State Return Volatility

First State China Growth I Acc accepts 3.8716% volatility on return distribution over the 30 days horizon. DOW inherits 0.0% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

First State Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

First State Investment Opportunity

First State China Growth I Acc has a volatility of 3.87 and is 3.65 times more volatile than DOW. 35% 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 35 (%) of all global equities and portfolios over the last 30 days.

First State Volatility Indicators

First State China Growth I Acc Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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