Macroaxis considers Comgest Growth to be unknown risk. Comgest Growth Emerging secures Sharpe Ratio (or Efficiency) of -0.107 which signifies that Comgest Growth Emerging had -0.107% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing 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. Comgest Growth Emerging Mkts I USD Acc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Comgest Growth Emerging Risk Adjusted Performance of
(0.13) and Mean Deviation of 1.38 to double-check risk estimate we provide.
|Horizon||30 Days Login to change|
Comgest Growth Market Sensitivity
|As returns on market increase, Comgest Growth returns are expected to increase less than the market. However during bear market, the loss on holding Comgest Growth will be expected to be smaller as well.2 Months Beta |Analyze Comgest Growth Emerging Demand TrendCheck current 30 days Comgest Growth correlation with market (DOW)|
β = 0.4785
Comgest Growth Central Daily Price Deviation
Comgest Growth Emerging Technical Analysis
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Comgest Growth Projected Return Density Against MarketAssuming 30 trading days horizon, Comgest Growth has beta of 0.4785 . This indicates as returns on market go up, Comgest Growth average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Comgest Growth Emerging Mkts I USD Acc will be expected to be much smaller as well. Additionally, Comgest Growth Emerging Mkts I USD Acc 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
Assuming 30 trading days horizon, the coefficient of variation of Comgest Growth is -934.49. The daily returns are destributed with a variance of 13.77 and standard deviation of 3.71. The mean deviation of Comgest Growth Emerging Mkts I USD Acc is currently at 2.37. For similar time horizon, the selected benchmark (DOW) has volatility of 1.27
|Alpha over DOW||=||0.33|
|Beta against DOW||=||0.48|
Comgest Growth Return VolatilityComgest Growth Emerging Mkts I USD Acc accepts 3.711% volatility on return distribution over the 30 days horizon. DOW inherits 1.2766% risk (volatility on return distribution) over the 30 days horizon.
Comgest Growth Emerging Mkts I USD Acc has a volatility of 3.71 and is 2.9 times more volatile than DOW. 33% of all equities and portfolios are less risky than Comgest Growth. Compared to the overall equity markets, volatility of historical daily returns of Comgest Growth Emerging Mkts I USD Acc is lower than 33 (%) of all global equities and portfolios over the last 30 days. Use Comgest Growth Emerging Mkts I USD Acc to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of Comgest Growth to be traded at $34.13 in 30 days. As returns on market increase, Comgest Growth returns are expected to increase less than the market. However during bear market, the loss on holding Comgest Growth will be expected to be smaller as well.
Comgest Growth correlation with market