Macroaxis considers Abax Global unknown risk given 2 months investment horizon. Abax Global Equity secures Sharpe Ratio (or Efficiency) of 0.5 which signifies that Abax Global Equity had 0.5% of return per unit of standard deviation over the last 2 months. Our philosophy in foreseeing volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. By analyzing Abax Global Equity technical indicators you can presently evaluate if the expected return of 0.9992% is justified by implied risk. Please makes use of Abax Global Equity to double-check if our risk estimates are consistent with your expectations.
|Horizon||30 Days Login to change|
Abax Global Equity Technical Analysis
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Abax Global Projected Return Density Against MarketAssuming 30 trading days horizon, Abax Global has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Abax Global are completely uncorrelated. Furthermore, Abax Global Equity CIt does not look like Abax Global alpha can have any bearing on the equity current valuation.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Abax Global is 200.0. The daily returns are destributed with a variance of 3.99 and standard deviation of 2.0. The mean deviation of Abax Global Equity C is currently at 1.5. For similar time horizon, the selected benchmark (DOW) has volatility of 1.27
|Alpha over DOW||=||0.00|
|Beta against DOW||=||0.00|
Abax Global Return VolatilityAbax Global Equity C accepts 1.9984% volatility on return distribution over the 30 days horizon. DOW inherits 1.3014% risk (volatility on return distribution) over the 30 days horizon.
Abax Global Equity C has a volatility of 2.0 and is 1.54 times more volatile than DOW. 18% of all equities and portfolios are less risky than Abax Global. Compared to the overall equity markets, volatility of historical daily returns of Abax Global Equity C is lower than 18 (%) of all global equities and portfolios over the last 30 days.