Guinness Global (Ireland) Risk Analysis And Volatility Evaluation

IE00BVYPNX17 -- Ireland Fund  

USD 12.81  0.19  1.46%

Macroaxis considers Guinness Global unknown risk given 1 month investment horizon. Guinness Global Equity holds Efficiency (Sharpe) Ratio of 0.5774 which attests that Guinness Global Equity had 0.5774% of return per unit of risk over the last 1 month. Our philosophy towards 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 Guinness Global Equity which you can use to evaluate future volatility of the entity. Please utilize Guinness Global Market Risk Adjusted Performance of 0.5424 and Risk Adjusted Performance of 0.1221 to validate if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

Guinness Global Market Sensitivity

As returns on market increase, Guinness Global returns are expected to increase less than the market. However during bear market, the loss on holding Guinness Global will be expected to be smaller as well.
One Month Beta |Analyze Guinness Global Equity Demand Trend
Check current 30 days Guinness Global correlation with market (DOW)
β = 0.3355
Guinness Global Small BetaGuinness Global Equity Beta Legend

Guinness Global Equity Technical Analysis

Transformation
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Guinness Global Projected Return Density Against Market

Assuming 30 trading days horizon, Guinness Global has beta of 0.3355 . This indicates as returns on market go up, Guinness Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Guinness Global Equity Income Y USD Acc will be expected to be much smaller as well. Moreover, Guinness Global Equity Income Y USD Acc has an alpha of 0.1287 implying that it can potentially generate 0.1287% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Guinness Global is 173.21. The daily returns are destributed with a variance of 0.73 and standard deviation of 0.86. The mean deviation of Guinness Global Equity Income Y USD Acc is currently at 0.66. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.13
β
Beta against DOW=0.34
σ
Overall volatility
=0.86
Ir
Information ratio =0.039

Guinness Global Return Volatility

Guinness Global Equity Income Y USD Acc accepts 0.8563% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Guinness Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Guinness Global Investment Opportunity

Guinness Global Equity Income Y USD Acc has a volatility of 0.86 and is 1.91 times more volatile than DOW. 7% of all equities and portfolios are less risky than Guinness Global. Compared to the overall equity markets, volatility of historical daily returns of Guinness Global Equity Income Y USD Acc is lower than 7 (%) of all global equities and portfolios over the last 30 days. Use Guinness Global Equity Income Y USD Acc to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Guinness Global to be traded at $12.43 in 30 days. As returns on market increase, Guinness Global returns are expected to increase less than the market. However during bear market, the loss on holding Guinness Global will be expected to be smaller as well.

Guinness Global correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Guinness Global Equity Income and equity matching DJI index in the same portfolio.

Guinness Global Volatility Indicators

Guinness Global Equity Income Y USD Acc Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.
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