Guinness Best (Ireland) Risk Analysis And Volatility Evaluation

IE00BZ08YS42 -- Ireland Fund  

EUR 13.47  0.12  0.88%

Macroaxis considers Guinness Best unknown risk given 1 month investment horizon. Guinness Best of holds Efficiency (Sharpe) Ratio of 0.5394 which attests that Guinness Best of had 0.5394% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Guinness Best of which you can use to evaluate future volatility of the entity. Please utilize Guinness Best to validate if our risk estimates are consistent with your expectations.
 Time Horizon     30 Days    Login   to change

Guinness Best of Technical Analysis

Transformation
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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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Guinness Best is 185.41. The daily returns are destributed with a variance of 0.37 and standard deviation of 0.61. The mean deviation of Guinness Best of China C EUR Acc is currently at 0.44. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=0.61
Ir
Information ratio =0.00

Actual Return Volatility

Guinness Best of China C EUR Acc accepts 0.6061% volatility on return distribution over the 30 days horizon. DOW inherits 0.4414% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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

Unaffected

Investment Outlook

Guinness Best Investment Opportunity
Guinness Best of China C EUR Acc has a volatility of 0.61 and is 1.39 times more volatile than DOW. 5% 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 5 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

Guinness Best Current Risk Indicators
Please also check Risk vs Return Analysis. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.