Guinness Global (Ireland) Risk Analysis And Volatility Evaluation

IE00BQXX3F31 -- Ireland Fund  

USD 12.64  0.38  2.92%

Macroaxis considers Guinness Global to be unknown risk. Guinness Global Inno holds Efficiency (Sharpe) Ratio of -0.2289 which attests that Guinness Global Inno had -0.2289% of return per unit of risk over the last 1 month. 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

Transformation
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Guinness Global Projected Return Density Against Market

Assuming 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Guinness Global is -436.89. The daily returns are destributed with a variance of 1.66 and standard deviation of 1.29. The mean deviation of Guinness Global Innovators C USD ACC is currently at 0.91. For similar time horizon, the selected benchmark (DOW) has volatility of 1.08
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.29
Ir
Information ratio =0.00

Guinness Global Return Volatility

Guinness Global Innovators C USD ACC accepts 1.2893% volatility on return distribution over the 30 days horizon. DOW inherits 1.0813% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Guinness Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Guinness Global Investment Opportunity

Guinness Global Innovators C USD ACC has a volatility of 1.29 and is 1.19 times more volatile than DOW. 11% 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 11 (%) of all global equities and portfolios over the last 30 days.

Guinness Global Volatility Indicators

Guinness Global Innovators C USD ACC Current Risk Indicators

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