Veritas Global (Ireland) Risk Analysis And Volatility Evaluation

IE00B686VM08 -- Ireland Fund  

GBp 21,055  295.00  1.42%

Macroaxis considers Veritas Global not too risky given 1 month investment horizon. Veritas Global Equity owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.4543 which indicates Veritas Global Equity had 0.4543% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. By inspecting Veritas Global Equity technical indicators you can presently evaluate if the expected return of 0.5754% is justified by implied risk. Please operate Veritas Global to confirm if our risk estimates are consistent with your expectations.
 Time Horizon     30 Days    Login   to change

Veritas Global Equity Technical Analysis

The output start index for this execution was zero with a total number of output elements of seventeen. Veritas Global Equity 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, Veritas Global has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Veritas Global are completely uncorrelated. Furthermore, Veritas Global Equity Income GBP DIt does not look like Veritas Global alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
Assuming 30 trading days horizon, the coefficient of variation of Veritas Global is 220.13. The daily returns are destributed with a variance of 1.6 and standard deviation of 1.27. The mean deviation of Veritas Global Equity Income GBP D is currently at 0.87. For similar time horizon, the selected benchmark (DOW) has volatility of 0.46
Alpha over DOW
Beta against DOW=0.00
Overall volatility
Information ratio =0.00

Actual Return Volatility

Veritas Global Equity Income GBP D accepts 1.2667% volatility on return distribution over the 30 days horizon. DOW inherits 0.4314% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Market Risk Breakdown

Veritas Global Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

Veritas Global Investment Opportunity
Veritas Global Equity Income GBP D has a volatility of 1.27 and is 2.95 times more volatile than DOW. 11% of all equities and portfolios are less risky than Veritas Global. Compared to the overall equity markets, volatility of historical daily returns of Veritas Global Equity Income GBP D is lower than 11 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

Veritas Global Current Risk Indicators
Please also check Risk vs Return Analysis. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.