APO RENDITE (Germany) Risk Analysis And Volatility Evaluation

IUK8 -- Germany ETF  

EUR 45.34  0.00  0.00%

Our philosophy towards foreseeing volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for APO RENDITE PLUS INKA which you can use to evaluate future volatility of the entity. Please confirm APO RENDITE PLUS Mean Deviation of 0.181 and Risk Adjusted Performance of (0.044414) to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
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.
2 Months Beta |Analyze APO RENDITE PLUS Demand Trend
Check current 30 days APO RENDITE correlation with market (DOW)
β = 0.0304

APO RENDITE Central Daily Price Deviation

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 0.0304 . 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 
α
Alpha over DOW
=0.0041
β
Beta against DOW=0.0304
σ
Overall volatility
=0.00
Ir
Information ratio =0.70

APO RENDITE Return Volatility

APO RENDITE PLUS INKA assumes 0.0% volatility of returns over the 30 days investment horizon. DOW inherits 1.3055% 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 1.31 and is 9.223372036854776E16 times more volatile than APO RENDITE PLUS INKA. 0% 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 0 (%) of all global equities and portfolios over the last 30 days. Use APO RENDITE PLUS INKA to protect against small markets fluctuations. The etf experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of APO RENDITE to be traded at €44.89 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

correlation synergy
Average 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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