Macroaxis considers Guinness Global to be unknown risk. Guinness Global Inno holds Efficiency (Sharpe) Ratio of -0.5073 which attests that Guinness Global Inno had -0.5073% of return per unit of risk over the last 2 months. 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. Guinness Global Inno exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Guinness Global to validate risk estimate we provide.
|Horizon||30 Days Login to change|
Guinness Global Inno Technical Analysis
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Guinness Global Projected Return Density Against MarketAssuming 30 trading days horizon, Guinness Global has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Guinness Global are completely uncorrelated. Furthermore, Guinness Global Innovators C USD ACCIt does not look like Guinness Global alpha can have any bearing on the equity current valuation.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Guinness Global is -197.12. The daily returns are destributed with a variance of 5.75 and standard deviation of 2.4. The mean deviation of Guinness Global Innovators C USD ACC is currently at 1.47. For similar time horizon, the selected benchmark (DOW) has volatility of 1.3
|Alpha over DOW||=||0.00|
|Beta against DOW||=||0.00|
Guinness Global Return VolatilityGuinness Global Innovators C USD ACC accepts 2.3976% volatility on return distribution over the 30 days horizon. DOW inherits 1.3487% risk (volatility on return distribution) over the 30 days horizon.
Guinness Global Innovators C USD ACC has a volatility of 2.4 and is 1.78 times more volatile than DOW. 21% of all equities and portfolios are less risky than Guinness Global. Compared to the overall equity markets, volatility of historical daily returns of Guinness Global Innovators C USD ACC is lower than 21 (%) of all global equities and portfolios over the last 30 days.