Our way in which we are determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for HI Numen which you can use to evaluate future volatility of the entity. Please check out HI Numen Credit USD R Standard Deviation of 0.0198 and Market Risk Adjusted Performance of 2.52 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
HI Numen Market Sensitivity
|As returns on market increase, returns on owning HI Numen are expected to decrease at a much smaller rate. During bear market, HI Numen is likely to outperform the market. 2 Months Beta |Analyze HI Numen Credit Demand TrendCheck current 30 days HI Numen correlation with market (DOW)|
β = -0.0028
HI Numen Central Daily Price Deviation
HI Numen Credit Technical Analysis
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HI Numen Projected Return Density Against MarketAssuming 30 trading days horizon, HI Numen Credit USD R has beta of -0.0028 . This indicates as returns on benchmark increase, returns on holding HI Numen are expected to decrease at a much smaller rate. During bear market, however, HI Numen Credit USD R is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. HI Numen Credit is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.0068|
|Beta against DOW||=||0.0028|
HI Numen Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.9131% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.91 and is 9.223372036854776E16 times more volatile than HI Numen Credit USD R. 0% of all equities and portfolios are less risky than HI Numen. Compared to the overall equity markets, volatility of historical daily returns of HI Numen Credit USD R is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use HI Numen Credit USD R to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of HI Numen to be traded at $113.94 in 30 days. . As returns on market increase, returns on owning HI Numen are expected to decrease at a much smaller rate. During bear market, HI Numen is likely to outperform the market.
HI Numen correlation with market