Guinness Global (Ireland) Risk Analysis And Volatility Evaluation

IE00BVYPNX17 -- Ireland Fund  

USD 12.26  0.07  0.57%

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 check out Guinness Global Market Risk Adjusted Performance of 8.36 and Risk Adjusted Performance of 0.4947 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
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.
2 Months Beta |Analyze Guinness Global Equity Demand Trend
Check current 30 days Guinness Global correlation with market (DOW)
β = 0.0309

Guinness Global Central Daily Price Deviation

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 0.0309 . 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 0.2638 implying that it can potentially generate 0.2638% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.26
β
Beta against DOW=0.0309
σ
Overall volatility
=0.00
Ir
Information ratio =0.60

Guinness Global Return Volatility

Guinness Global Equity Income Y USD Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3173% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Guinness Global Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Guinness Global Investment Opportunity

DOW has a standard deviation of returns of 1.32 and is 9.223372036854776E16 times more volatile than Guinness Global Equity Income Y USD Acc. 0% 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 0 (%) of all global equities and portfolios over the last 30 days. Use Guinness Global Equity Income Y USD Acc to enhance returns of your portfolios. The fund experiences moderate upward volatility. Check odds of Guinness Global to be traded at $13.49 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

correlation synergy
Average 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

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