IE00BHZKHW42 (Ireland) Risk Analysis And Volatility

Our way in which we are determining 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 IE00BHZKHW42 which you can use to evaluate future volatility of the entity. Please check out IE00BHZKHW42 Market Risk Adjusted Performance of 0.3579 and Standard Deviation of 0.6833 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

IE00BHZKHW42 Market Sensitivity

As returns on market increase, returns on owning IE00BHZKHW42 are expected to decrease at a much smaller rate. During bear market, IE00BHZKHW42 is likely to outperform the market.
2 Months Beta |Analyze IE00BHZKHW42 Demand Trend
Check current 30 days IE00BHZKHW42 correlation with market (DOW)
β = -0.177

IE00BHZKHW42 Central Daily Price Deviation

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.

IE00BHZKHW42 Projected Return Density Against Market

Assuming 30 trading days horizon, IE00BHZKHW42 has beta of -0.177 . This indicates as returns on benchmark increase, returns on holding IE00BHZKHW42 are expected to decrease at a much smaller rate. During bear market, however, IE00BHZKHW42 is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. IE00BHZKHW42 is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.05
β
Beta against DOW=0.18
σ
Overall volatility
=0.00
Ir
Information ratio =0.18

IE00BHZKHW42 Return Volatility

the fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6865% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

IE00BHZKHW42 Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

IE00BHZKHW42 Investment Opportunity

DOW has a standard deviation of returns of 0.69 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 your portfolios against small markets fluctuations. The fund experiences very speculative upward sentiment. Check odds of IE00BHZKHW42 to be traded at $0.0 in 30 days. . As returns on market increase, returns on owning IE00BHZKHW42 are expected to decrease at a much smaller rate. During bear market, IE00BHZKHW42 is likely to outperform the market.

IE00BHZKHW42 correlation with market

correlation synergy
Very good 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.

IE00BHZKHW42 Volatility Indicators

IE00BHZKHW42 Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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