IE00B4NHK056 (Ireland) Risk Analysis And Volatility Evaluation

IE00B4NHK056 -- Ireland Fund  

EUR 854.94  3.75  0.44%

We consider IE00B4NHK056 not too risky. IE00B4NHK056 retains Efficiency (Sharpe Ratio) of 0.0013 which attests that IE00B4NHK056 had 0.0013% of return per unit of price deviation over the last 1 month. Our way in which we are determining volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for IE00B4NHK056 which you can use to evaluate future volatility of the entity. Please check out IE00B4NHK056 to validate if risk estimate we provide are consistent with the epected return of 4.0E-4%.
 Time Horizon     30 Days    Login   to change

IE00B4NHK056 Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. IE00B4NHK056 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, IE00B4NHK056 has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and IE00B4NHK056 are completely uncorrelated. Furthermore, IE00B4NHK056It does not look like IE00B4NHK056 alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of IE00B4NHK056 is 76457.68. The daily returns are destributed with a variance of 0.08 and standard deviation of 0.28. The mean deviation of IE00B4NHK056 is currently at 0.16. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=0.28
Ir
Information ratio =0.00

Actual Return Volatility

IE00B4NHK056 accepts 0.278% volatility on return distribution over the 30 days horizon. DOW inherits 0.5751% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

IE00B4NHK056 Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

IE00B4NHK056 Investment Opportunity
DOW has a standard deviation of returns of 0.58 and is 2.07 times more volatile than IE00B4NHK056. 2% of all equities and portfolios are less risky than IE00B4NHK056. Compared to the overall equity markets, volatility of historical daily returns of IE00B4NHK056 is lower than 2 (%) of all global equities and portfolios over the last 30 days.

IE00B4NHK056 Current Risk Indicators

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