Majedie Asset (Ireland) Risk Analysis And Volatility Evaluation

IE00BNGWY083 -- Ireland Fund  

GBp 174.00  8.00  4.40%

Macroaxis considers Majedie Asset to be unknown risk. Majedie Asset Mgmt has Sharpe Ratio of -0.4024 which conveys that Majedie Asset Mgmt had -0.4024% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating 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. Majedie Asset exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Majedie Asset Mgmt US Equity Z GBP Acc to check out risk estimate we provide.
Horizon     30 Days    Login   to change

Majedie Asset Mgmt Technical Analysis

Transformation
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Majedie Asset Projected Return Density Against Market

Assuming 30 trading days horizon, Majedie Asset has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Majedie Asset are completely uncorrelated. Furthermore, Majedie Asset Mgmt US Equity Z GBP AccIt does not look like Majedie Asset alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Majedie Asset is -248.48. The daily returns are destributed with a variance of 13.53 and standard deviation of 3.68. The mean deviation of Majedie Asset Mgmt US Equity Z GBP Acc is currently at 2.84. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=3.68
Ir
Information ratio =0.00

Majedie Asset Return Volatility

Majedie Asset Mgmt US Equity Z GBP Acc accepts 3.678% volatility on return distribution over the 30 days horizon. DOW inherits 1.0635% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Majedie Asset Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Majedie Asset Investment Opportunity

Majedie Asset Mgmt US Equity Z GBP Acc has a volatility of 3.68 and is 3.47 times more volatile than DOW. 33% of all equities and portfolios are less risky than Majedie Asset. Compared to the overall equity markets, volatility of historical daily returns of Majedie Asset Mgmt US Equity Z GBP Acc is lower than 33 (%) of all global equities and portfolios over the last 30 days.

Majedie Asset Volatility Indicators

Majedie Asset Mgmt US Equity Z GBP Acc Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.
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