Abax Global (Ireland) Risk Analysis And Volatility Evaluation

IE00BYZ9ZT36 -- Ireland Fund  

USD 13.01  0.14  1.09%

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

Transformation
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Abax Global Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=2.00
Ir
Information ratio =0.00

Abax Global Return Volatility

Abax 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Abax Global Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Abax Global Investment Opportunity

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.

Abax Global Volatility Indicators

Abax Global Equity C Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.
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