Coram Global (Ireland) Risk Analysis And Volatility Evaluation

IE00BRJL4K01 -- Ireland Fund  

 104.00  2.00  1.89%

Macroaxis considers Coram Global to be unknown risk. Coram Global Defensive secures Sharpe Ratio (or Efficiency) of -0.7071 which signifies that Coram Global Defensive had -0.7071% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing 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. Coram Global Defensive A GBP exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Coram Global Defensive to double-check risk estimate we provide.
Horizon     30 Days    Login   to change

Coram Global Defensive Technical Analysis

Transformation
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Coram Global Projected Return Density Against Market

Assuming 30 trading days horizon, Coram Global has beta of 0.0429 . This indicates as returns on market go up, Coram Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Coram Global Defensive A GBP will be expected to be much smaller as well. Furthermore, Coram Global Defensive A GBPIt does not look like Coram 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 Coram Global is -141.42. The daily returns are destributed with a variance of 0.45 and standard deviation of 0.67. The mean deviation of Coram Global Defensive A GBP is currently at 0.48. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.00
β
Beta against DOW=0.0429
σ
Overall volatility
=0.67
Ir
Information ratio =0.00

Coram Global Return Volatility

Coram Global Defensive A GBP accepts 0.6734% 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 

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Investment Outlook

Coram Global Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 1.58 times more volatile than Coram Global Defensive A GBP. 6% of all equities and portfolios are less risky than Coram Global. Compared to the overall equity markets, volatility of historical daily returns of Coram Global Defensive A GBP is lower than 6 (%) of all global equities and portfolios over the last 30 days. Use Coram Global Defensive A GBP to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Coram Global to be traded at 100.88 in 30 days. As returns on market increase, Coram Global returns are expected to increase less than the market. However during bear market, the loss on holding Coram Global will be expected to be smaller as well.

Coram Global correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Coram Global Defensive A GBP and equity matching DJI index in the same portfolio.

Coram Global Volatility Indicators

Coram Global Defensive A GBP Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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