IE00BTFRDZ46 IR (Ireland) Risk Analysis And Volatility Evaluation

IE00BTFRDZ46 -- Ireland Fund  

EUR 99.98  0.00  0.00%

We consider IE00BTFRDZ46 IR 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 1 month. Our way in which we are determining 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 IE00BTFRDZ46 IR which you can use to evaluate future volatility of the entity. Please check out IE00BTFRDZ46 IR Standard Deviation of 0.0939 and Market Risk Adjusted Performance of 2.29 to validate if risk estimate we provide are consistent with the epected return of 0.02%.
 Time Horizon     30 Days    Login   to change

IE00BTFRDZ46 IR Market Sensitivity

As returns on market increase, IE00BTFRDZ46 IR returns are expected to increase less than the market. However during bear market, the loss on holding IE00BTFRDZ46 IR will be expected to be smaller as well.
One Month Beta |Analyze IE00BTFRDZ46 IR Demand Trend
Check current 30 days IE00BTFRDZ46 IR correlation with market (DOW)
β = 0.0168
IE00BTFRDZ46 IR Small BetaIE00BTFRDZ46 IR Beta Legend

IE00BTFRDZ46 IR Technical Analysis

Transformation
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.

Projected Return Density Against Market

Assuming 30 trading days horizon, IE00BTFRDZ46 IR has beta of 0.0168 . This indicates as returns on market go up, IE00BTFRDZ46 IR 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of IE00BTFRDZ46 IR is 173.21. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.03. The mean deviation of IE00BTFRDZ46 IR is currently at 0.03. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49
α
Alpha over DOW
=0.04
β
Beta against DOW=0.0168
σ
Overall volatility
=0.0346
Ir
Information ratio =0.97

Actual Return Volatility

IE00BTFRDZ46 IR accepts 0.0346% 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

IE00BTFRDZ46 IR Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

IE00BTFRDZ46 IR Investment Opportunity
DOW has a standard deviation of returns of 0.55 and is 18.33 times more volatile than IE00BTFRDZ46 IR. 0% of all equities and portfolios are less risky than IE00BTFRDZ46 IR. 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 protect against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of IE00BTFRDZ46 IR to be traded at €98.98 in 30 days. As returns on market increase, IE00BTFRDZ46 IR returns are expected to increase less than the market. However during bear market, the loss on holding IE00BTFRDZ46 IR will be expected to be smaller as well.

IE00BTFRDZ46 IR correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding IE00BTFRDZ46 IR and equity matching DJI index in the same portfolio.

Volatility Indicators

IE00BTFRDZ46 IR Current Risk Indicators
Please also check Risk vs Return Analysis. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.