|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 TrendCheck current 30 days Guinness Global correlation with market (DOW)|
β = 0.3355
Guinness Global Equity Technical Analysis
Guinness Global Projected Return Density Against MarketAssuming 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
Guinness Global Return VolatilityGuinness 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.