ANIMA Star (Ireland) Risk Analysis And Volatility Evaluation

IE00BJBQBQ20 -- Ireland Fund  

EUR 5.41  0.01  0.19%

Macroaxis considers ANIMA Star to be unknown risk. ANIMA Star High secures Sharpe Ratio (or Efficiency) of -0.2491 which signifies that ANIMA Star High had -0.2491% of return per unit of return volatility over the last 1 month. Macroaxis approach to foreseeing 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. ANIMA Star High Potential Global I EUR exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ANIMA Star High Risk Adjusted Performance of 0.0173 and Mean Deviation of 0.433 to double-check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

ANIMA Star Market Sensitivity

As returns on market increase, returns on owning ANIMA Star are expected to decrease at a much smaller rate. During bear market, ANIMA Star is likely to outperform the market.
One Month Beta |Analyze ANIMA Star High Demand Trend
Check current 30 days ANIMA Star correlation with market (DOW)
β = -0.1083
ANIMA Star Almost negative betaANIMA Star High Beta Legend

ANIMA Star High 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, ANIMA Star High Potential Global I EUR has beta of -0.1083 . This indicates as returns on benchmark increase, returns on holding ANIMA Star are expected to decrease at a much smaller rate. During bear market, however, ANIMA Star High Potential Global I EUR is likely to outperform the market. Moreover, ANIMA Star High Potential Global I EUR has an alpha of 0.0245 implying that it can potentially generate 0.0245% 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 ANIMA Star is -401.43. The daily returns are destributed with a variance of 0.3 and standard deviation of 0.55. The mean deviation of ANIMA Star High Potential Global I EUR is currently at 0.39. For similar time horizon, the selected benchmark (DOW) has volatility of 0.54
α
Alpha over DOW
=0.0245
β
Beta against DOW=0.11
σ
Overall volatility
=0.55
Ir
Information ratio =0.11

Actual Return Volatility

ANIMA Star High Potential Global I EUR accepts 0.55% volatility on return distribution over the 30 days horizon. DOW inherits 0.6629% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

ANIMA Star Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

ANIMA Star Investment Opportunity
DOW has a standard deviation of returns of 0.66 and is 1.2 times more volatile than ANIMA Star High Potential Global I EUR. 5% of all equities and portfolios are less risky than ANIMA Star. Compared to the overall equity markets, volatility of historical daily returns of ANIMA Star High Potential Global I EUR is lower than 5 (%) of all global equities and portfolios over the last 30 days. Use ANIMA Star High Potential Global I EUR to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of ANIMA Star to be traded at €5.68 in 30 days. As returns on market increase, returns on owning ANIMA Star are expected to decrease at a much smaller rate. During bear market, ANIMA Star is likely to outperform the market.

ANIMA Star correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding ANIMA Star High Potential Glob and equity matching DJI index in the same portfolio.
Please also check Risk vs Return Analysis. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.