APO RENDITE (Germany) Risk Analysis And Volatility Evaluation

IUK8 -- Germany ETF  

EUR 45.47  0.01  0.022%

Macroaxis considers APO RENDITE to be unknown risk. APO RENDITE PLUS secures Sharpe Ratio (or Efficiency) of -0.5774 which signifies that APO RENDITE PLUS had -0.5774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. APO RENDITE PLUS INKA exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm APO RENDITE PLUS Mean Deviation of 0.163 and Risk Adjusted Performance of 0.06 to double-check risk estimate we provide.
Horizon     30 Days    Login   to change

APO RENDITE Market Sensitivity

As returns on market increase, APO RENDITE returns are expected to increase less than the market. However during bear market, the loss on holding APO RENDITE will be expected to be smaller as well.
One Month Beta |Analyze APO RENDITE PLUS Demand Trend
Check current 30 days APO RENDITE correlation with market (DOW)
β = 0.0039
APO RENDITE Small BetaAPO RENDITE PLUS Beta Legend

APO RENDITE PLUS Technical Analysis

Transformation
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APO RENDITE Projected Return Density Against Market

Assuming 30 trading days horizon, APO RENDITE has beta of 0.0039 . This indicates as returns on market go up, APO RENDITE average returns are expected to increase less than the benchmark. However during bear market, the loss on holding APO RENDITE PLUS INKA will be expected to be much smaller as well. Additionally, APO RENDITE PLUS INKA 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 APO RENDITE is -173.21. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.14. The mean deviation of APO RENDITE PLUS INKA is currently at 0.11. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.02
β
Beta against DOW=0.0039
σ
Overall volatility
=0.14
Ir
Information ratio =0.67

APO RENDITE Return Volatility

APO RENDITE PLUS INKA assumes 0.1393% volatility of returns over the 30 days investment horizon. DOW inherits 1.0175% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

APO RENDITE Investment Opportunity

DOW has a standard deviation of returns of 1.02 and is 7.29 times more volatile than APO RENDITE PLUS INKA. 1% of all equities and portfolios are less risky than APO RENDITE. Compared to the overall equity markets, volatility of historical daily returns of APO RENDITE PLUS INKA is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use APO RENDITE PLUS INKA to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of APO RENDITE to be traded at €47.74 in 30 days. As returns on market increase, APO RENDITE returns are expected to increase less than the market. However during bear market, the loss on holding APO RENDITE will be expected to be smaller as well.

APO RENDITE correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding APO RENDITE PLUS INKA and equity matching DJI index in the same portfolio.

APO RENDITE Volatility Indicators

APO RENDITE PLUS INKA Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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