Guinness Best (Ireland) Risk Analysis And Volatility Evaluation

IE00BZ08YS42 -- Ireland Fund  

EUR 11.46  0.06  0.52%

We consider Guinness Best unknown risk. Guinness Best holds Efficiency (Sharpe) Ratio of 0.5774 which attests that Guinness Best had 0.5774% of return per unit of risk over the last 2 months. Our philosophy towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Guinness Best which you can use to evaluate future volatility of the entity. Please check out Guinness Best Market Risk Adjusted Performance of 0.1133 and Risk Adjusted Performance of (0.018094) to validate if risk estimate we provide are consistent with the epected return of 0.0291%.
Horizon     30 Days    Login   to change

Guinness Best Market Sensitivity

As returns on market increase, returns on owning Guinness Best are expected to decrease at a much smaller rate. During bear market, Guinness Best is likely to outperform the market.
2 Months Beta |Analyze Guinness Best Demand Trend
Check current 30 days Guinness Best correlation with market (DOW)
β = -0.1828

Guinness Best Central Daily Price Deviation

Guinness Best Technical Analysis

Transformation
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Guinness Best Projected Return Density Against Market

Assuming 30 trading days horizon, Guinness Best of China C EUR Acc has beta of -0.1828 . This indicates as returns on benchmark increase, returns on holding Guinness Best are expected to decrease at a much smaller rate. During bear market, however, Guinness Best of China C EUR Acc is likely to outperform the market. Additionally, Guinness Best of China C EUR Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Guinness Best is 173.21. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.05. The mean deviation of Guinness Best of China C EUR Acc is currently at 0.04. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.05
β
Beta against DOW=0.18
σ
Overall volatility
=0.05
Ir
Information ratio =0.18

Guinness Best Return Volatility

Guinness Best of China C EUR Acc accepts 0.0504% volatility on return distribution over the 30 days horizon. DOW inherits 1.3055% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Guinness Best Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity

Insignificant

Investment Outlook

Guinness Best Investment Opportunity

DOW has a standard deviation of returns of 1.31 and is 26.2 times more volatile than Guinness Best of China C EUR Acc. 0% 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 0 (%) of all global equities and portfolios over the last 30 days. Use Guinness Best of China C EUR Acc to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of Guinness Best to be traded at €11.23 in 30 days. As returns on market increase, returns on owning Guinness Best are expected to decrease at a much smaller rate. During bear market, Guinness Best is likely to outperform the market.

Guinness Best correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Guinness Best of China C EUR A and equity matching DJI index in the same portfolio.

Guinness Best Volatility Indicators

Guinness Best of China C EUR Acc Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.
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