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 Pzena Global Expanded which you can use to evaluate future volatility of the fund. Please check Pzena Global Expanded Coefficient Of Variation of
(9,098) and Risk Adjusted Performance of (0.025435) to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Pzena Global Market Sensitivity
|As returns on market increase, Pzena Global returns are expected to increase less than the market. However during bear market, the loss on holding Pzena Global will be expected to be smaller as well. 2 Months Beta |Analyze Pzena Global Expanded Demand TrendCheck current 30 days Pzena Global correlation with market (DOW)|
β = 0.1716
Pzena Global Central Daily Price Deviation
Pzena Global Expanded Technical Analysis
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Pzena Global Projected Return Density Against MarketAssuming 30 trading days horizon, Pzena Global has beta of 0.1716 . This indicates as returns on market go up, Pzena Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Pzena Global Expanded Value A GBP Acc will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Pzena Global Expanded is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.03|
|Beta against DOW||=||0.17|
Pzena Global Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.8776% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.88 and is 9.223372036854776E16 times more volatile than Pzena Global Expanded Value A GBP Acc. 0% of all equities and portfolios are less risky than Pzena Global. Compared to the overall equity markets, volatility of historical daily returns of Pzena Global Expanded Value A GBP Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Pzena Global Expanded Value A GBP Acc to protect your portfolios against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Pzena Global to be traded at p;13284.15 in 30 days. . As returns on market increase, Pzena Global returns are expected to increase less than the market. However during bear market, the loss on holding Pzena Global will be expected to be smaller as well.
Pzena Global correlation with market