IE00BHZKHW42 (Ireland) Risk Analysis And Volatility Evaluation

IE00BHZKHW42 -- Ireland Fund  

USD 8.71  0.08  0.91%

Our way in which we are determining 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 IE00BHZKHW42 which you can use to evaluate future volatility of the entity. Please check out IE00BHZKHW42 Standard Deviation of 0.7465 and Market Risk Adjusted Performance of 0.09 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
 Time Horizon     30 Days    Login   to change

IE00BHZKHW42 Market Sensitivity

As returns on market increase, IE00BHZKHW42 returns are expected to increase less than the market. However during bear market, the loss on holding IE00BHZKHW42 will be expected to be smaller as well.
One Month Beta |Analyze IE00BHZKHW42 Demand Trend
Check current 30 days IE00BHZKHW42 correlation with market (DOW)
β = 0.0766
IE00BHZKHW42 Small BetaIE00BHZKHW42 Beta Legend

IE00BHZKHW42 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, IE00BHZKHW42 has beta of 0.0766 . This indicates as returns on market go up, IE00BHZKHW42 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding IE00BHZKHW42 will be expected to be much smaller as well. Additionally, IE00BHZKHW42 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
=0.02
β
Beta against DOW=0.08
σ
Overall volatility
=0.00
Ir
Information ratio =0.21

Actual Return Volatility

IE00BHZKHW42 accepts 0.0% 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

IE00BHZKHW42 Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

IE00BHZKHW42 Investment Opportunity
DOW has a standard deviation of returns of 0.6 and is 9.223372036854776E16 times more volatile than IE00BHZKHW42. 0% of all equities and portfolios are less risky than IE00BHZKHW42. Compared to the overall equity markets, volatility of historical daily returns of IE00BHZKHW42 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use IE00BHZKHW42 to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of IE00BHZKHW42 to be traded at $8.54 in 30 days. As returns on market increase, IE00BHZKHW42 returns are expected to increase less than the market. However during bear market, the loss on holding IE00BHZKHW42 will be expected to be smaller as well.

IE00BHZKHW42 correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding IE00BHZKHW42 and equity matching DJI index in the same portfolio.
Please also check Risk vs Return Analysis. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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