Abax Global (Ireland) Risk Analysis And Volatility Evaluation

IE00BYZ9ZT36 -- Ireland Fund  

USD 13.58  0.48  3.41%

Macroaxis considers Abax Global to be unknown risk. Abax Global Equity secures Sharpe Ratio (or Efficiency) of -0.2201 which signifies that Abax Global Equity had -0.2201% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Abax Global Equity C exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Abax Global Equity to double-check risk estimate we provide.
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 -454.38. The daily returns are destributed with a variance of 3.31 and standard deviation of 1.82. The mean deviation of Abax Global Equity C is currently at 1.1. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.82
Ir
Information ratio =0.00

Abax Global Return Volatility

Abax Global Equity C accepts 1.8205% volatility on return distribution over the 30 days horizon. DOW inherits 1.0404% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Abax Global Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Insignificant

Investment Outlook

Abax Global Investment Opportunity

Abax Global Equity C has a volatility of 1.82 and is 1.75 times more volatile than DOW. 16% 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 16 (%) 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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