We consider IE00BTFRDZ46 unknown risk. IE00BTFRDZ46 IR retains Efficiency (Sharpe Ratio) of 0.5774 which attests that IE00BTFRDZ46 IR had 0.5774% of return per unit of price deviation over the last 2 months. Our way in which we are determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for IE00BTFRDZ46 which you can use to evaluate future volatility of the entity. Please check out IE00BTFRDZ46 IR Standard Deviation of 0.176 and Market Risk Adjusted Performance of
(50.38) to validate if risk estimate we provide are consistent with the epected return of 0.0104%.
|Horizon||30 Days Login to change|
IE00BTFRDZ46 Market Sensitivity
|As returns on market increase, IE00BTFRDZ46 returns are expected to increase less than the market. However during bear market, the loss on holding IE00BTFRDZ46 will be expected to be smaller as well.2 Months Beta |Analyze IE00BTFRDZ46 IR Demand TrendCheck current 30 days IE00BTFRDZ46 correlation with market (DOW)|
β = 8.0E-4
IE00BTFRDZ46 Central Daily Price Deviation
IE00BTFRDZ46 IR Technical Analysis
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IE00BTFRDZ46 Projected Return Density Against MarketAssuming 30 trading days horizon, IE00BTFRDZ46 has beta of 8.0E-4 . This indicates as returns on market go up, IE00BTFRDZ46 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding IE00BTFRDZ46 IR will be expected to be much smaller as well. Additionally, IE00BTFRDZ46 IR 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
Assuming 30 trading days horizon, the coefficient of variation of IE00BTFRDZ46 is 173.21. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.02. The mean deviation of IE00BTFRDZ46 IR is currently at 0.01. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.04|
|Beta against DOW||=||0.0008|
IE00BTFRDZ46 Return VolatilityIE00BTFRDZ46 IR accepts 0.018% volatility on return distribution over the 30 days horizon. DOW inherits 1.2765% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.28 and is 64.0 times more volatile than IE00BTFRDZ46 IR. 0% of all equities and portfolios are less risky than IE00BTFRDZ46. Compared to the overall equity markets, volatility of historical daily returns of IE00BTFRDZ46 IR is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use IE00BTFRDZ46 IR to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of IE00BTFRDZ46 to be traded at 101.15 in 30 days. As returns on market increase, IE00BTFRDZ46 returns are expected to increase less than the market. However during bear market, the loss on holding IE00BTFRDZ46 will be expected to be smaller as well.
IE00BTFRDZ46 correlation with market