Macroaxis considers Hermes Asia to be unknown risk. Hermes Asia Ex holds Efficiency (Sharpe) Ratio of -0.118 which attests that Hermes Asia Ex had -0.118% 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. Hermes Asia Ex exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hermes Asia Downside Deviation of 4.38, Market Risk Adjusted Performance of 0.3309 and Risk Adjusted Performance of 0.0716 to validate risk estimate we provide.
|Horizon||30 Days Login to change|
Hermes Asia Market Sensitivity
|As returns on market increase, Hermes Asia returns are expected to increase less than the market. However during bear market, the loss on holding Hermes Asia will be expected to be smaller as well.2 Months Beta |Analyze Hermes Asia Ex Demand TrendCheck current 30 days Hermes Asia correlation with market (DOW)|
β = 0.3699
Hermes Asia Central Daily Price Deviation
Hermes Asia Ex Technical Analysis
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.
Hermes Asia Projected Return Density Against MarketAssuming 30 trading days horizon, Hermes Asia has beta of 0.3699 . This indicates as returns on market go up, Hermes Asia average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Hermes Asia Ex Japan Equity C EUR Acc will be expected to be much smaller as well. Moreover, Hermes Asia Ex Japan Equity C EUR Acc has an alpha of 0.1792 implying that it can potentially generate 0.1792% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Hermes Asia is -847.43. The daily returns are destributed with a variance of 0.61 and standard deviation of 0.78. The mean deviation of Hermes Asia Ex Japan Equity C EUR Acc is currently at 0.52. For similar time horizon, the selected benchmark (DOW) has volatility of 1.32
|Alpha over DOW||=||0.18|
|Beta against DOW||=||0.37|
Hermes Asia Return VolatilityHermes Asia Ex Japan Equity C EUR Acc accepts 0.7782% volatility on return distribution over the 30 days horizon. DOW inherits 1.3305% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.33 and is 1.71 times more volatile than Hermes Asia Ex Japan Equity C EUR Acc. 7% of all equities and portfolios are less risky than Hermes Asia. Compared to the overall equity markets, volatility of historical daily returns of Hermes Asia Ex Japan Equity C EUR Acc is lower than 7 (%) of all global equities and portfolios over the last 30 days. Use Hermes Asia Ex Japan Equity C EUR Acc to enhance returns of your portfolios. The fund experiences large bullish trend. Check odds of Hermes Asia to be traded at 2.92 in 30 days. As returns on market increase, Hermes Asia returns are expected to increase less than the market. However during bear market, the loss on holding Hermes Asia will be expected to be smaller as well.
Hermes Asia correlation with market