GlobalAccess (Ireland) Risk Analysis And Volatility Evaluation

IE00B0XXC321 -- Ireland Fund  

GBp 215.00  3.00  1.38%

Macroaxis considers GlobalAccess to be unknown risk. GlobalAccess UK Alpha holds Efficiency (Sharpe) Ratio of -0.5774 which attests that GlobalAccess UK Alpha had -0.5774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. GlobalAccess UK Alpha exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out GlobalAccess Market Risk Adjusted Performance of 1.76 and Risk Adjusted Performance of 0.60 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

GlobalAccess Market Sensitivity

As returns on market increase, returns on owning GlobalAccess are expected to decrease at a much smaller rate. During bear market, GlobalAccess is likely to outperform the market.
One Month Beta |Analyze GlobalAccess UK Alpha Demand Trend
Check current 30 days GlobalAccess correlation with market (DOW)
β = -0.2252
GlobalAccess Almost negative betaGlobalAccess UK Alpha Beta Legend

GlobalAccess UK Alpha Technical Analysis

Transformation
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GlobalAccess Projected Return Density Against Market

Assuming 30 trading days horizon, GlobalAccess UK Alpha I has beta of -0.2252 . This indicates as returns on benchmark increase, returns on holding GlobalAccess are expected to decrease at a much smaller rate. During bear market, however, GlobalAccess UK Alpha I is likely to outperform the market. Additionally, GlobalAccess UK Alpha I has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of GlobalAccess is -173.21. The daily returns are destributed with a variance of 0.63 and standard deviation of 0.79. The mean deviation of GlobalAccess UK Alpha I is currently at 0.61. For similar time horizon, the selected benchmark (DOW) has volatility of 1.08
α
Alpha over DOW
=0.44
β
Beta against DOW=0.23
σ
Overall volatility
=0.79
Ir
Information ratio =0.3

GlobalAccess Return Volatility

GlobalAccess UK Alpha I accepts 0.7945% volatility on return distribution over the 30 days horizon. DOW inherits 1.0603% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

GlobalAccess Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

GlobalAccess Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 1.34 times more volatile than GlobalAccess UK Alpha I. 7% of all equities and portfolios are less risky than GlobalAccess. Compared to the overall equity markets, volatility of historical daily returns of GlobalAccess UK Alpha I is lower than 7 (%) of all global equities and portfolios over the last 30 days. Use GlobalAccess UK Alpha I to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of GlobalAccess to be traded at p;208.55 in 30 days. As returns on market increase, returns on owning GlobalAccess are expected to decrease at a much smaller rate. During bear market, GlobalAccess is likely to outperform the market.

GlobalAccess correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding GlobalAccess UK Alpha I Inc and equity matching DJI index in the same portfolio.

GlobalAccess Volatility Indicators

GlobalAccess UK Alpha I Current Risk Indicators

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