Our philosophy towards forecasting 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 Principal Finisterre which you can use to evaluate future volatility of the fund. Please check Principal Finisterre Risk Adjusted Performance of
(0.27) and Coefficient Of Variation of (2,292) to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Principal Finisterre Market Sensitivity
|As returns on market increase, Principal Finisterre returns are expected to increase less than the market. However during bear market, the loss on holding Principal Finisterre will be expected to be smaller as well. 2 Months Beta |Analyze Principal Finisterre Demand TrendCheck current 30 days Principal Finisterre correlation with market (DOW)|
β = 0.0147
Principal Finisterre Central Daily Price Deviation
Principal Finisterre Technical Analysis
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Principal Finisterre Projected Return Density Against MarketAssuming 30 trading days horizon, Principal Finisterre has beta of 0.0147 . This implies as returns on market go up, Principal Finisterre average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Principal Finisterre Uncons EM Bd P will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Principal Finisterre is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.01|
|Beta against DOW||=||0.0147|
Principal Finisterre Return Volatilitythe fund shows 0.0% volatility of returns over 30 trading days. the entity inherits 1.9737% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 1.97 and is 9.223372036854776E16 times more volatile than Principal Finisterre Uncons EM Bd P. 0% of all equities and portfolios are less risky than Principal Finisterre. Compared to the overall equity markets, volatility of historical daily returns of Principal Finisterre Uncons EM Bd P is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Principal Finisterre Uncons EM Bd P to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Principal Finisterre to be traded at $10.77 in 30 days. . As returns on market increase, Principal Finisterre returns are expected to increase less than the market. However during bear market, the loss on holding Principal Finisterre will be expected to be smaller as well.
Principal Finisterre correlation with market
Additionally take a look at Your Equity Center. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.