Janus Global (Ireland) Risk Analysis And Volatility Evaluation

IE00BHC8SG27 -- Ireland Fund  

USD 17.92  0.84  4.48%

Macroaxis considers Janus Global to be unknown risk. Janus Global Tech holds Efficiency (Sharpe) Ratio of -0.5774 which attests that Janus Global Tech had -0.5774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. Janus Global Tech exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Janus Global Downside Deviation of 2.45, Market Risk Adjusted Performance of 0.57 and Risk Adjusted Performance of 0.0842 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

Janus Global Market Sensitivity

As returns on market increase, returns on owning Janus Global are expected to decrease at a much smaller rate. During bear market, Janus Global is likely to outperform the market.
One Month Beta |Analyze Janus Global Tech Demand Trend
Check current 30 days Janus Global correlation with market (DOW)
β = -0.3693
Janus Global Almost negative betaJanus Global Tech Beta Legend

Janus Global Tech 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.

Janus Global Projected Return Density Against Market

Assuming 30 trading days horizon, Janus Global Tech V USD Acc has beta of -0.3693 . This indicates as returns on benchmark increase, returns on holding Janus Global are expected to decrease at a much smaller rate. During bear market, however, Janus Global Tech V USD Acc is likely to outperform the market. Moreover, Janus Global Tech V USD Acc has an alpha of 0.1494 implying that it can potentially generate 0.1494% 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 Janus Global is -173.21. The daily returns are destributed with a variance of 4.33 and standard deviation of 2.08. The mean deviation of Janus Global Tech V USD Acc is currently at 1.6. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.15
β
Beta against DOW=0.37
σ
Overall volatility
=2.08
Ir
Information ratio =0.12

Janus Global Return Volatility

Janus Global Tech V USD Acc accepts 2.0808% volatility on return distribution over the 30 days horizon. DOW inherits 1.0609% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Janus Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Janus Global Investment Opportunity

Janus Global Tech V USD Acc has a volatility of 2.08 and is 1.96 times more volatile than DOW. 18% of all equities and portfolios are less risky than Janus Global. Compared to the overall equity markets, volatility of historical daily returns of Janus Global Tech V USD Acc is lower than 18 (%) of all global equities and portfolios over the last 30 days. Use Janus Global Tech V USD Acc to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of Janus Global to be traded at $17.02 in 30 days. As returns on market increase, returns on owning Janus Global are expected to decrease at a much smaller rate. During bear market, Janus Global is likely to outperform the market.

Janus Global correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Janus Global Tech V USD Acc and equity matching DJI index in the same portfolio.

Janus Global Volatility Indicators

Janus Global Tech V USD Acc Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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