PGIM Global (Ireland) Risk Analysis And Volatility Evaluation

IE00BRGCKQ46 -- Ireland Fund  

CAD 1,073  4.30  0.40%

Our way of forecasting volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for PGIM Global Total which you can use to evaluate future volatility of the fund. Please check PGIM Global Total Risk Adjusted Performance of 0.16 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
 Time Horizon     30 Days    Login   to change

PGIM Global Market Sensitivity

As returns on market increase, returns on owning PGIM Global are expected to decrease at a much smaller rate. During bear market, PGIM Global is likely to outperform the market.
One Month Beta |Analyze PGIM Global Total Demand Trend
Check current 30 days PGIM Global correlation with market (DOW)
β = -0.0082
PGIM Global Almost negative betaPGIM Global Total Beta Legend

PGIM Global Total Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, PGIM Global Total Return CAD Acc has beta of -0.0082 . This indicates as returns on benchmark increase, returns on holding PGIM Global are expected to decrease at a much smaller rate. During bear market, however, PGIM Global Total Return CAD Acc is likely to outperform the market. Additionally, PGIM Global Total Return CAD Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.02
β
Beta against DOW=0.0082
σ
Overall volatility
=0.00
Ir
Information ratio =0.76

Actual Return Volatility

PGIM Global Total Return CAD Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.5525% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

PGIM Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

PGIM Global Investment Opportunity
DOW has a standard deviation of returns of 0.55 and is 9.223372036854776E16 times more volatile than PGIM Global Total Return CAD Acc. 0% of all equities and portfolios are less risky than PGIM Global. Compared to the overall equity markets, volatility of historical daily returns of PGIM Global Total Return CAD Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use PGIM Global Total Return CAD Acc to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of PGIM Global to be traded at C$1062.66 in 30 days. As returns on market increase, returns on owning PGIM Global are expected to decrease at a much smaller rate. During bear market, PGIM Global is likely to outperform the market.

PGIM Global correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding PGIM Global Total Return CAD A and equity matching DJI index in the same portfolio.

Volatility Indicators

PGIM Global 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.