Polar Capital (Ireland) Risk Analysis And Volatility Evaluation

IE00B8BJYW18 -- Ireland Fund  

GBp 193.00  12.00  6.63%

Macroaxis considers Polar Capital unknown risk given 1 month investment horizon. Polar Capital Japan maintains Sharpe Ratio (i.e. Efficiency) of 0.0766 which implies Polar Capital Japan had 0.0766% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Polar Capital Japan which you can use to evaluate future volatility of the fund. Please employ Polar Capital Japan Coefficient Of Variation of 366.15 and Risk Adjusted Performance of 0.16 to confirm if our risk estimates are consistent with your expectations.
 Time Horizon     30 Days    Login   to change

Polar Capital Market Sensitivity

As returns on market increase, Polar Capital returns are expected to increase less than the market. However during bear market, the loss on holding Polar Capital will be expected to be smaller as well.
One Month Beta |Analyze Polar Capital Japan Demand Trend
Check current 30 days Polar Capital correlation with market (DOW)
β = 0.0344
Polar Capital Small BetaPolar Capital Japan Beta Legend

Polar Capital Japan Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Polar Capital has beta of 0.0344 . This indicates as returns on market go up, Polar Capital average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Polar Capital Japan Alpha C GBP will be expected to be much smaller as well. Additionally, Polar Capital Japan Alpha C GBP 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 
Assuming 30 trading days horizon, the coefficient of variation of Polar Capital is 1306.29. The daily returns are destributed with a variance of 36.78 and standard deviation of 6.06. The mean deviation of Polar Capital Japan Alpha C GBP is currently at 4.18. For similar time horizon, the selected benchmark (DOW) has volatility of 0.6
α
Alpha over DOW
=0.61
β
Beta against DOW=0.0344
σ
Overall volatility
=6.06
Ir
Information ratio =0.35

Actual Return Volatility

Polar Capital Japan Alpha C GBP accepts 6.0648% 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

Polar Capital Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Polar Capital Investment Opportunity
Polar Capital Japan Alpha C GBP has a volatility of 6.06 and is 10.1 times more volatile than DOW. 55% of all equities and portfolios are less risky than Polar Capital. Compared to the overall equity markets, volatility of historical daily returns of Polar Capital Japan Alpha C GBP is higher than 55 (%) of all global equities and portfolios over the last 30 days. Use Polar Capital Japan Alpha C GBP to enhance returns of your portfolios. The fund experiences very speculative upward sentiment.. Check odds of Polar Capital to be traded at p;241.25 in 30 days. As returns on market increase, Polar Capital returns are expected to increase less than the market. However during bear market, the loss on holding Polar Capital will be expected to be smaller as well.

Polar Capital correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Polar Capital Japan Alpha C GB and equity matching DJI index in the same portfolio.
Please also check Risk vs Return Analysis. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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