IE00B6WG9T96 IR (Ireland) Risk Analysis And Volatility Evaluation

IE00B6WG9T96 -- Ireland Fund  

GBp 994.00  44.00  4.24%

Macroaxis considers IE00B6WG9T96 IR to be unknown risk. IE00B6WG9T96 IR retains Efficiency (Sharpe Ratio) of -0.5774 which attests that IE00B6WG9T96 IR had -0.5774% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are determining 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. IE00B6WG9T96 IR exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out IE00B6WG9T96 IR Standard Deviation of 0.1579 and Market Risk Adjusted Performance of 1.36 to validate risk estimate we provide.
 Time Horizon     30 Days    Login   to change

IE00B6WG9T96 IR Market Sensitivity

As returns on market increase, IE00B6WG9T96 IR returns are expected to increase less than the market. However during bear market, the loss on holding IE00B6WG9T96 IR will be expected to be smaller as well.
One Month Beta |Analyze IE00B6WG9T96 IR Demand Trend
Check current 30 days IE00B6WG9T96 IR correlation with market (DOW)
β = 0.0404
IE00B6WG9T96 IR Small BetaIE00B6WG9T96 IR Beta Legend

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.

Projected Return Density Against Market

Assuming 30 trading days horizon, IE00B6WG9T96 IR has beta of 0.0404 . This indicates as returns on market go up, IE00B6WG9T96 IR average returns are expected to increase less than the benchmark. However during bear market, the loss on holding IE00B6WG9T96 IR will be expected to be much smaller as well. Moreover, IE00B6WG9T96 IR has an alpha of 0.0485 implying that it can potentially generate 0.0485% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of IE00B6WG9T96 IR is -173.21. The daily returns are destributed with a variance of 5.99 and standard deviation of 2.45. The mean deviation of IE00B6WG9T96 IR is currently at 1.88. For similar time horizon, the selected benchmark (DOW) has volatility of 0.6
α
Alpha over DOW
=0.0485
β
Beta against DOW=0.0404
σ
Overall volatility
=2.45
Ir
Information ratio =0.59

Actual Return Volatility

IE00B6WG9T96 IR accepts 2.4473% volatility on return distribution over the 30 days horizon. DOW inherits 0.5977% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

IE00B6WG9T96 IR Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

IE00B6WG9T96 IR Investment Opportunity
IE00B6WG9T96 IR has a volatility of 2.45 and is 4.08 times more volatile than DOW. 22% of all equities and portfolios are less risky than IE00B6WG9T96 IR. Compared to the overall equity markets, volatility of historical daily returns of IE00B6WG9T96 IR is lower than 22 (%) 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 IR to be traded at p;944.3 in 30 days. As returns on market increase, IE00B6WG9T96 IR returns are expected to increase less than the market. However during bear market, the loss on holding IE00B6WG9T96 IR will be expected to be smaller as well.

IE00B6WG9T96 IR correlation with market

Average 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.
Please also check Risk vs Return Analysis. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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