Macroaxis considers Stone Harbor to be not too volatile. Stone Harbor Emerging owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1956 which indicates the organization had -0.1956% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Stone Harbor Emerging Markets T exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Stone Harbor Risk Adjusted Performance of
(0.23) and Coefficient Of Variation of (439.46) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Stone Harbor Market Sensitivity
|As returns on market increase, Stone Harbor returns are expected to increase less than the market. However during bear market, the loss on holding Stone Harbor will be expected to be smaller as well. 3 Months Beta |Analyze Stone Harbor Emerging Demand TrendCheck current 30 days Stone Harbor correlation with market (DOW)|
β = 0.1582
Stone Harbor Central Daily Price Deviation
Stone Harbor Emerging Technical Analysis
Stone Harbor Projected Return Density Against MarketAssuming 30 trading days horizon, Stone Harbor has beta of 0.1582 . This means as returns on market go up, Stone Harbor average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Stone Harbor Emerging Markets T 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. Stone Harbor Emerging is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Stone Harbor is -511.21. The daily returns are destributed with a variance of 0.39 and standard deviation of 0.62. The mean deviation of Stone Harbor Emerging Markets T is currently at 0.42. For similar time horizon, the selected benchmark (DOW) has volatility of 0.97
|Alpha over DOW||=||0.14|
|Beta against DOW||=||0.16|
Stone Harbor Return Volatilitythe fund shows 0.6232% volatility of returns over 30 trading days. the entity inherits 0.9852% risk (volatility on return distribution) over the 30 days horizon.
Stone Harbor Investment Opportunity
DOW has a standard deviation of returns of 0.99 and is 1.6 times more volatile than Stone Harbor Emerging Markets T. 5 of all equities and portfolios are less risky than Stone Harbor. Compared to the overall equity markets, volatility of historical daily returns of Stone Harbor Emerging Markets T is lower than 5 () of all global equities and portfolios over the last 30 days. Use Stone Harbor Emerging Markets T to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Stone Harbor to be traded at $10.32 in 30 days. . As returns on market increase, Stone Harbor returns are expected to increase less than the market. However during bear market, the loss on holding Stone Harbor will be expected to be smaller as well.
Stone Harbor correlation with market
Stone Harbor Current Risk Indicators
|Risk Adjusted Performance||(0.23)|
|Market Risk Adjusted Performance||(0.92)|
|Coefficient Of Variation||(439.46)|
Stone Harbor Suggested Diversification Pairs