TITULOS XALKARRA (Spain) Volatility

TX
S2839 -- Spain Fund  

EUR 1.97  0.00281  0.14%

We consider TITULOS XALKARRA slightly risky. TITULOS XALKARRA SICAV owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.18, which indicates the fund had 0.18% of return per unit of standard deviation over the last 3 months. Our philosophy towards measuring the 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 TITULOS XALKARRA SICAV, which you can use to evaluate future volatility of the fund. Please validate TITULOS XALKARRA coefficient of variation of 894.66, and risk adjusted performance of 0.232 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.

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TITULOS XALKARRA 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 TITULOS daily returns, and it is calculated using variance and standard deviation. We also use TITULOS's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of TITULOS XALKARRA volatility.

90 Days Market Risk

Slightly risky

Chance of Distress

Very Small

90 Days Economic Sensitivity

Barely shadows the market

TITULOS XALKARRA Market Sensitivity And Downside Risk

TITULOS XALKARRA SICAV beta coefficient measures the volatility of TITULOS stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents TITULOS stock's returns against your selected market. In other words, TITULOS XALKARRA's beta of 0.0219 provides an investor with an approximation of how much risk TITULOS XALKARRA stock can potentially add to one of your existing portfolios. Let's try to break down what TITULOS's beta means in this case. As returns on the market increase, TITULOS XALKARRA returns are expected to increase less than the market. However, during the bear market, the loss on holding TITULOS XALKARRA will be expected to be smaller as well.
3 Months Beta |Analyze TITULOS XALKARRA SICAV Demand Trend
Check current 30 days TITULOS XALKARRA correlation with market (DOW)
β

Current TITULOS XALKARRA Beta Coefficient

 = 

TITULOS XALKARRA Central Daily Price Deviations

It is essential to understand the difference between upside risk (as represented by TITULOS XALKARRA's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of TITULOS XALKARRA stock's daily returns or price. Since the actual investment returns on holding a position in TITULOS XALKARRA stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in TITULOS XALKARRA.

TITULOS XALKARRA SICAV Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. TITULOS XALKARRA Typical Price indicator is an average of each day price and can be used instead of closing price when creating different TITULOS XALKARRA SICAV moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

TITULOS XALKARRA Projected Return Density Against Market

Assuming the 30 trading days horizon, TITULOS XALKARRA has the beta of 0.0219 . This usually implies as returns on the market go up, TITULOS XALKARRA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TITULOS XALKARRA SICAV will be expected to be much smaller as well. Moreover, Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to TITULOS XALKARRA or TITULOS XALKARRA SICAV sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that TITULOS XALKARRA stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a TITULOS stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. The company has an alpha of 0.1876, implying that it can potentially generate 0.19% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

TITULOS XALKARRA Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to TITULOS XALKARRA or TITULOS XALKARRA SICAV sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that TITULOS XALKARRA stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a TITULOS stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 30 trading days horizon, the coefficient of variation of TITULOS XALKARRA is 568.86. The daily returns are destributed with a variance of 1.05 and standard deviation of 1.02. The mean deviation of TITULOS XALKARRA SICAV is currently at 0.62. For similar time horizon, the selected benchmark (DOW) has volatility of 2.09
α
Alpha over DOW
=0.19
β
Beta against DOW=0.0219
σ
Overall volatility
=1.02
Ir
Information ratio =-0.06

TITULOS XALKARRA Return Volatility

TITULOS XALKARRA historical daily return volatility represents how much TITULOS XALKARRA stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The fund venture accepts 1.0244% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 2.0896% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About TITULOS XALKARRA Volatility

Volatility is a rate at which the price of TITULOS XALKARRA 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 TITULOS XALKARRA may increase or decrease. In other words, similar to TITULOS's beta indicator, it measures the risk of TITULOS XALKARRA and helps estimate the fluctuations that may happen in a short period of time. So if prices of TITULOS XALKARRA 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.
La SICAV podr invertir entre un 0 percent y el 100 percent de su patrimonio en IIC financieras que sean activo apto, armonizadas o no, pertenecientes o no al grupo de la Gestora. TITULOS XALKARRA is traded on Madrid SE C.A.T.S. in Spain.

TITULOS XALKARRA Investment Opportunity

DOW has a standard deviation of returns of 2.09 and is 2.05 times more volatile than TITULOS XALKARRA SICAV. of all equities and portfolios are less risky than TITULOS XALKARRA. Compared to the overall equity markets, volatility of historical daily returns of TITULOS XALKARRA SICAV is lower than 8 () of all global equities and portfolios over the last 30 days. Use TITULOS XALKARRA SICAV to enhance returns of your portfolios. The fund experiences a normal upward fluctuation. Check odds of TITULOS XALKARRA to be traded at €2.07 in 30 days. . Let's try to break down what TITULOS's beta means in this case. As returns on the market increase, TITULOS XALKARRA returns are expected to increase less than the market. However, during the bear market, the loss on holding TITULOS XALKARRA will be expected to be smaller as well.

TITULOS XALKARRA correlation with market

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

TITULOS XALKARRA Additional Risk Indicators

The analysis of various secondary risk indicators of TITULOS XALKARRA is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in TITULOS XALKARRA investment, and either accepting that risk or mitigating it. Along with some common measures of TITULOS XALKARRA stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance0.232
Market Risk Adjusted Performance8.88
Mean Deviation0.9219
Semi Deviation1.11
Downside Deviation2.13
Coefficient Of Variation894.66
Standard Deviation1.83

TITULOS XALKARRA Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page