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. We have found twenty-one technical indicators for Principal European which you can use to evaluate future volatility of the fund. Please check Principal European to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Principal European Technical Analysis
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Principal European Projected Return Density Against MarketAssuming 30 trading days horizon, Principal European has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Principal European are completely uncorrelated. Furthermore, Principal European Equity I EUR AccIt does not look like Principal European alpha can have any bearing on the equity current valuation.
|Alpha over DOW||=||0.00|
|Beta against DOW||=||0.00|
Principal European Return VolatilityPrincipal European Equity I EUR Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.2919% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 1.29 and is 9.223372036854776E16 times more volatile than Principal European Equity I EUR Acc. 0% of all equities and portfolios are less risky than Principal European. Compared to the overall equity markets, volatility of historical daily returns of Principal European Equity I EUR Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days.
Please also check Risk vs Return Analysis. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.