ASCENDO INVERSIONES (Spain) Volatility

AI
S3363 -- Spain Fund  

EUR 0.93  0.00  0.00%

We consider ASCENDO INVERSIONES abnormally volatile. ASCENDO INVERSIONES SICAV retains Efficiency (Sharpe Ratio) of 0.0188, which signifies that the fund had 0.0188% of return per unit of risk over the last 3 months. Our philosophy in foreseeing 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 ASCENDO INVERSIONES, which you can use to evaluate future volatility of the entity. Please confirm ASCENDO INVERSIONES SICAV Market Risk Adjusted Performance of (0.10) and Coefficient Of Variation of 29449.69 to double-check if the risk estimate we provide is consistent with the expected return of 0.1392%.

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ASCENDO INVERSIONES Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of ASCENDO daily returns, and it is calculated using variance and standard deviation. We also use ASCENDO's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of ASCENDO INVERSIONES volatility.

90 Days Market Risk

Abnormally volatile

Chance of Distress

Very Small

90 Days Economic Sensitivity

Moves indifferently to market moves

ASCENDO INVERSIONES Market Sensitivity

As returns on market increase, returns on owning ASCENDO INVERSIONES are expected to decrease at a much smaller rate. During bear market, ASCENDO INVERSIONES is likely to outperform the market.
3 Months Beta |Analyze ASCENDO INVERSIONES SICAV Demand Trend
Check current 30 days ASCENDO INVERSIONES correlation with market (DOW)
β = -0.1071

ASCENDO INVERSIONES Central Daily Price Deviation

ASCENDO INVERSIONES SICAV Technical Analysis

Transformation
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ASCENDO INVERSIONES Projected Return Density Against Market

Assuming 30 trading days horizon, ASCENDO INVERSIONES SICAV has beta of -0.1071 . This entails as returns on benchmark increase, returns on holding ASCENDO INVERSIONES are expected to decrease at a much smaller rate. During bear market, however, ASCENDO INVERSIONES SICAV 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. ASCENDO INVERSIONES SICAV is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of ASCENDO INVERSIONES is 5326.16. The daily returns are destributed with a variance of 54.94 and standard deviation of 7.41. The mean deviation of ASCENDO INVERSIONES SICAV is currently at 4.41. For similar time horizon, the selected benchmark (DOW) has volatility of 4.08
α
Alpha over DOW
=-0.0043
β
Beta against DOW=-0.11
σ
Overall volatility
=7.41
Ir
Information ratio =0.0253

ASCENDO INVERSIONES Return Volatility

the fund venture accepts 7.412% volatility on return distribution over the 30 days horizon. the entity inherits 4.1343% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About ASCENDO INVERSIONES Volatility

Volatility is a rate at which the price of ASCENDO INVERSIONES or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of ASCENDO INVERSIONES may increase or decrease. In other words, similar to ASCENDO's beta indicator, it measures the risk of ASCENDO INVERSIONES and helps estimate the fluctuations that may happen in a short period of time. So if prices of ASCENDO INVERSIONES fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

ASCENDO INVERSIONES Investment Opportunity

ASCENDO INVERSIONES SICAV has a volatility of 7.41 and is 1.79 times more volatile than DOW. 65  of all equities and portfolios are less risky than ASCENDO INVERSIONES. Compared to the overall equity markets, volatility of historical daily returns of ASCENDO INVERSIONES SICAV is higher than 65 () of all global equities and portfolios over the last 30 days. Use ASCENDO INVERSIONES SICAV to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of ASCENDO INVERSIONES to be traded at €0.9224 in 30 days. . As returns on market increase, returns on owning ASCENDO INVERSIONES are expected to decrease at a much smaller rate. During bear market, ASCENDO INVERSIONES is likely to outperform the market.

ASCENDO INVERSIONES correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding ASCENDO INVERSIONES SICAV and equity matching DJI index in the same portfolio.

ASCENDO INVERSIONES Current Risk Indicators

ASCENDO INVERSIONES Suggested Diversification Pairs

Additionally, take a look at World Market Map. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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