PineBridge Japan (Ireland) Risk Analysis And Volatility Evaluation

IE00B0VPN591 -- Ireland Fund  

JPY 1,013  46.64  4.40%

Macroaxis considers PineBridge Japan unknown risk given 2 months investment horizon. PineBridge Japan New maintains Sharpe Ratio (i.e. Efficiency) of 0.5774 which implies PineBridge Japan New had 0.5774% of return per unit of risk over the last 2 months. Our philosophy towards forecasting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. By analyzing PineBridge Japan New technical indicators you can presently evaluate if the expected return of 0.9455% is justified by implied risk. Please employ PineBridge Japan New Coefficient Of Variation of 2056.22 and Risk Adjusted Performance of 0.0517 to confirm if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

PineBridge Japan Market Sensitivity

As returns on market increase, PineBridge Japan returns are expected to increase less than the market. However during bear market, the loss on holding PineBridge Japan will be expected to be smaller as well.
2 Months Beta |Analyze PineBridge Japan New Demand Trend
Check current 30 days PineBridge Japan correlation with market (DOW)
β = 0.0077

PineBridge Japan Central Daily Price Deviation

PineBridge Japan New 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.

PineBridge Japan Projected Return Density Against Market

Assuming 30 trading days horizon, PineBridge Japan has beta of 0.0077 . This indicates as returns on market go up, PineBridge Japan average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PineBridge Japan New Horizon Equity A3 will be expected to be much smaller as well. Moreover, PineBridge Japan New Horizon Equity A3 has an alpha of 0.0177 implying that it can potentially generate 0.0177% 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 PineBridge Japan is 173.21. The daily returns are destributed with a variance of 2.68 and standard deviation of 1.64. The mean deviation of PineBridge Japan New Horizon Equity A3 is currently at 1.26. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.0177
β
Beta against DOW=0.0077
σ
Overall volatility
=1.64
Ir
Information ratio =0.37

PineBridge Japan Return Volatility

PineBridge Japan New Horizon Equity A3 accepts 1.6377% volatility on return distribution over the 30 days horizon. DOW inherits 1.3173% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

PineBridge Japan Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

PineBridge Japan Investment Opportunity

PineBridge Japan New Horizon Equity A3 has a volatility of 1.64 and is 1.24 times more volatile than DOW. 14% of all equities and portfolios are less risky than PineBridge Japan. Compared to the overall equity markets, volatility of historical daily returns of PineBridge Japan New Horizon Equity A3 is lower than 14 (%) of all global equities and portfolios over the last 30 days. Use PineBridge Japan New Horizon Equity A3 to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of PineBridge Japan to be traded at ¥962.63 in 30 days. As returns on market increase, PineBridge Japan returns are expected to increase less than the market. However during bear market, the loss on holding PineBridge Japan will be expected to be smaller as well.

PineBridge Japan correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding PineBridge Japan New Horizon E and equity matching DJI index in the same portfolio.

PineBridge Japan Volatility Indicators

PineBridge Japan New Horizon Equity A3 Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Search macroaxis.com