Guinness Best (Ireland) Risk Analysis And Volatility Evaluation

IE00BZ08YS42 -- Ireland Fund  

EUR 11.95  0.38  3.08%

Macroaxis considers Guinness Best to be unknown risk. Guinness Best of holds Efficiency (Sharpe) Ratio of -0.5774 which attests that Guinness Best of had -0.5774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. Guinness Best of exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Guinness Best to validate risk estimate we provide.
Horizon     30 Days    Login   to change

Guinness Best of Technical Analysis

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Guinness Best Projected Return Density Against Market

Assuming 30 trading days horizon, Guinness Best has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Guinness Best are completely uncorrelated. Furthermore, Guinness Best of China C EUR AccIt does not look like Guinness Best alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
Assuming 30 trading days horizon, the coefficient of variation of Guinness Best is -173.21. The daily returns are destributed with a variance of 1.19 and standard deviation of 1.09. The mean deviation of Guinness Best of China C EUR Acc is currently at 0.84. For similar time horizon, the selected benchmark (DOW) has volatility of 1.08
Alpha over DOW
Beta against DOW=0.00
Overall volatility
Information ratio =0.00

Guinness Best Return Volatility

Guinness Best of China C EUR Acc accepts 1.0902% volatility on return distribution over the 30 days horizon. DOW inherits 1.0568% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Market Risk Breakdown

Guinness Best Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity


Investment Outlook

Guinness Best Investment Opportunity

Guinness Best of China C EUR Acc has a volatility of 1.09 and is 1.03 times more volatile than DOW. 9% of all equities and portfolios are less risky than Guinness Best. Compared to the overall equity markets, volatility of historical daily returns of Guinness Best of China C EUR Acc is lower than 9 (%) of all global equities and portfolios over the last 30 days.

Guinness Best Volatility Indicators

Guinness Best of China C EUR Acc Current Risk Indicators

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