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 Coefficient Of Variation of
(426.75) and Risk Adjusted Performance of (0.21) 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, returns on owning Principal Finisterre are expected to decrease at a much smaller rate. During bear market, Principal Finisterre is likely to outperform the market. 2 Months Beta |Analyze Principal Finisterre Demand TrendCheck current 30 days Principal Finisterre correlation with market (DOW)|
β = -0.0433
Principal Finisterre Central Daily Price Deviation
Principal Finisterre Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Principal Finisterre Projected Return Density Against MarketAssuming 30 trading days horizon, Principal Finisterre Uncons EM Bd P has beta of -0.0433 . This implies as returns on benchmark increase, returns on holding Principal Finisterre are expected to decrease at a much smaller rate. During bear market, however, Principal Finisterre Uncons EM Bd P is likely to outperform the market. 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||=||0.03|
|Beta against DOW||=||0.04|
Principal Finisterre Return Volatilitythe fund shows 0.0% volatility of returns over 30 trading days. the entity inherits 0.6457% risk (volatility on return distribution) over the 30 days horizon.
Principal Finisterre Investment Opportunity
DOW has a standard deviation of returns of 0.65 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, returns on owning Principal Finisterre are expected to decrease at a much smaller rate. During bear market, Principal Finisterre is likely to outperform the market.
Principal Finisterre correlation with market
Principal Finisterre Current Risk Indicators
|Risk Adjusted Performance||(0.21)|
|Market Risk Adjusted Performance||0.7524|
|Coefficient Of Variation||(426.75)|
Principal Finisterre Suggested Diversification Pairs