IE00B6WG9T96 (Ireland) Risk Analysis And Volatility Evaluation

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 IE00B6WG9T96 which you can use to evaluate future volatility of the entity. Please check out IE00B6WG9T96 IR Standard Deviation of 1.96 and Market Risk Adjusted Performance of 1.58 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

IE00B6WG9T96 Market Sensitivity

As returns on market increase, returns on owning IE00B6WG9T96 are expected to decrease at a much smaller rate. During bear market, IE00B6WG9T96 is likely to outperform the market.
2 Months Beta |Analyze IE00B6WG9T96 IR Demand Trend
Check current 30 days IE00B6WG9T96 correlation with market (DOW)
β = -0.1737

IE00B6WG9T96 Central Daily Price Deviation

IE00B6WG9T96 IR Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

IE00B6WG9T96 Projected Return Density Against Market

Assuming 30 trading days horizon, IE00B6WG9T96 IR has beta of -0.1737 . This indicates as returns on benchmark increase, returns on holding IE00B6WG9T96 are expected to decrease at a much smaller rate. During bear market, however, IE00B6WG9T96 IR is likely to outperform the market. Additionally, IE00B6WG9T96 IR 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 
      Returns 
α
Alpha over DOW
=0.3
β
Beta against DOW=0.17
σ
Overall volatility
=0.00
Ir
Information ratio =0.05

IE00B6WG9T96 Return Volatility

IE00B6WG9T96 IR accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.2959% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

IE00B6WG9T96 Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

IE00B6WG9T96 Investment Opportunity

DOW has a standard deviation of returns of 1.3 and is 9.223372036854776E16 times more volatile than IE00B6WG9T96 IR. 0% of all equities and portfolios are less risky than IE00B6WG9T96. Compared to the overall equity markets, volatility of historical daily returns of IE00B6WG9T96 IR is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use IE00B6WG9T96 IR to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of IE00B6WG9T96 to be traded at p;0.0 in 30 days. As returns on market increase, returns on owning IE00B6WG9T96 are expected to decrease at a much smaller rate. During bear market, IE00B6WG9T96 is likely to outperform the market.

IE00B6WG9T96 correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding IE00B6WG9T96 IR and equity matching DJI index in the same portfolio.

IE00B6WG9T96 Volatility Indicators

IE00B6WG9T96 IR Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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