INTERNATIONAL Mutual Fund Volatility

HISIX
 Fund
  

USD 9.38  0.06  0.64%   

We consider INTERNATIONAL EQUITY not too volatile. INTERNATIONAL EQUITY FUND holds Efficiency (Sharpe) Ratio of 0.0934, which attests that the entity had 0.0934% of return per unit of volatility over the last 3 months. Our approach towards determining 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 INTERNATIONAL EQUITY FUND, which you can use to evaluate the future volatility of the entity. Please check out INTERNATIONAL EQUITY market risk adjusted performance of 0.1635, and Risk Adjusted Performance of 0.1497 to validate if the risk estimate we provide is consistent with the expected return of 0.17%.
  
INTERNATIONAL EQUITY Mutual 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 INTERNATIONAL daily returns, and it is calculated using variance and standard deviation. We also use INTERNATIONAL's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of INTERNATIONAL EQUITY volatility.

30 Days Market Risk

Not too volatile

Chance of Distress

Very Low

30 Days Economic Sensitivity

Almost mirrors the market
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as INTERNATIONAL EQUITY can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of INTERNATIONAL EQUITY at lower prices. For example, an investor can purchase INTERNATIONAL stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of INTERNATIONAL EQUITY's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with INTERNATIONAL EQUITY

+0.99AEPFXEUROPACIFIC GROWTH FUNDPairCorr
+0.99RERFXEUROPACIFIC GROWTH FUNDPairCorr
+0.94CEUAXEUROPACIFIC GROWTH FUNDPairCorr
+0.94CEUCXEUROPACIFIC GROWTH FUNDPairCorr
+0.99REREXEUROPACIFIC GROWTH FUNDPairCorr
+0.99AEPGXEUROPACIFIC GROWTH FUNDPairCorr
+0.94RERGXEUROPACIFIC GROWTH FUNDPairCorr

INTERNATIONAL EQUITY Market Sensitivity And Downside Risk

INTERNATIONAL EQUITY's beta coefficient measures the volatility of INTERNATIONAL mutual fund 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 INTERNATIONAL mutual fund's returns against your selected market. In other words, INTERNATIONAL EQUITY's beta of 1.06 provides an investor with an approximation of how much risk INTERNATIONAL EQUITY mutual fund can potentially add to one of your existing portfolios.
INTERNATIONAL EQUITY FUND has relatively low volatility with skewness of 0.86 and kurtosis of 1.42. However, we advise all investors to independently investigate INTERNATIONAL EQUITY FUND to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure INTERNATIONAL EQUITY's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact INTERNATIONAL EQUITY's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
3 Months Beta |Analyze INTERNATIONAL EQUITY FUND Demand Trend
Check current 90 days INTERNATIONAL EQUITY correlation with market (NYSE Composite)

INTERNATIONAL Beta

    
  1.06  
INTERNATIONAL standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  1.77  
It is essential to understand the difference between upside risk (as represented by INTERNATIONAL EQUITY's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of INTERNATIONAL EQUITY's daily returns or price. Since the actual investment returns on holding a position in international mutual fund 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 INTERNATIONAL EQUITY.

INTERNATIONAL EQUITY FUND Mutual Fund Volatility Analysis

Volatility refers to the frequency at which INTERNATIONAL EQUITY fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with INTERNATIONAL EQUITY's price changes. Investors will then calculate the volatility of INTERNATIONAL EQUITY's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of INTERNATIONAL EQUITY's volatility:

Historical Volatility

This type of fund volatility measures INTERNATIONAL EQUITY's fluctuations based on previous trends. It's commonly used to predict INTERNATIONAL EQUITY's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for INTERNATIONAL EQUITY's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on INTERNATIONAL EQUITY's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. INTERNATIONAL EQUITY Typical Price indicator is an average of each day price and can be used instead of closing price when creating different INTERNATIONAL EQUITY FUND moving average lines.
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INTERNATIONAL EQUITY Projected Return Density Against Market

Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.0634 . This usually indicates INTERNATIONAL EQUITY FUND market returns are sensitive to returns on the market. As the market goes up or down, INTERNATIONAL EQUITY is expected to follow.
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 INTERNATIONAL EQUITY or Homestead 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 INTERNATIONAL EQUITY's price will be affected by overall mutual fund 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 INTERNATIONAL fund'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 0.0936, implying that it can generate a 0.0936 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
INTERNATIONAL EQUITY's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how international mutual fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives an INTERNATIONAL EQUITY Price Volatility?

Several factors can influence a Fund's stock volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

INTERNATIONAL EQUITY Mutual Fund 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 INTERNATIONAL EQUITY or Homestead 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 INTERNATIONAL EQUITY's price will be affected by overall mutual fund 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 INTERNATIONAL fund'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 90 days horizon the coefficient of variation of INTERNATIONAL EQUITY is 1070.27. The daily returns are distributed with a variance of 3.14 and standard deviation of 1.77. The mean deviation of INTERNATIONAL EQUITY FUND is currently at 1.36. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 1.5
α
Alpha over NYSE Composite
0.09
β
Beta against NYSE Composite1.06
σ
Overall volatility
1.77
Ir
Information ratio 0.06

INTERNATIONAL EQUITY Mutual Fund Return Volatility

INTERNATIONAL EQUITY historical daily return volatility represents how much of INTERNATIONAL EQUITY fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 1.7731% volatility of returns over 90 . By contrast, NYSE Composite accepts 1.5193% volatility on return distribution over the 90 days horizon.
 Performance (%) 
       Timeline  

About INTERNATIONAL EQUITY Volatility

Volatility is a rate at which the price of INTERNATIONAL EQUITY 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 INTERNATIONAL EQUITY may increase or decrease. In other words, similar to INTERNATIONAL's beta indicator, it measures the risk of INTERNATIONAL EQUITY and helps estimate the fluctuations that may happen in a short period of time. So if prices of INTERNATIONAL EQUITY 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.
The fund invests at least 80 percent of its net assets in common stocks, preferred stocks, rights and warrants issued by companies that are based outside the United States, securities convertible into such securities , and investment companies that invest in the types of securities in which the fund would normally invest. Homestead Fds is traded on NASDAQ Exchange in the United States.

INTERNATIONAL EQUITY Investment Opportunity

INTERNATIONAL EQUITY FUND has a volatility of 1.77 and is 1.16 times more volatile than NYSE Composite. 15  of all equities and portfolios are less risky than INTERNATIONAL EQUITY. Compared to the overall equity markets, volatility of historical daily returns of INTERNATIONAL EQUITY FUND is lower than 15 () of all global equities and portfolios over the last 90 days. Use INTERNATIONAL EQUITY FUND to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The mutual fund experiences a moderate downward daily trend and can be a good diversifier. Check odds of INTERNATIONAL EQUITY to be traded at $9.19 in 90 days.

Almost no diversification

The correlation between INTERNATIONAL EQUITY FUND and NYA is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding INTERNATIONAL EQUITY FUND and NYA in the same portfolio, assuming nothing else is changed.

INTERNATIONAL EQUITY Additional Risk Indicators

The analysis of INTERNATIONAL EQUITY's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in INTERNATIONAL EQUITY's investment and either accepting that risk or mitigating it. Along with some common measures of INTERNATIONAL EQUITY mutual fund's 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 the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

INTERNATIONAL EQUITY 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.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against INTERNATIONAL EQUITY as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. INTERNATIONAL EQUITY's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, INTERNATIONAL EQUITY's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to INTERNATIONAL EQUITY FUND.
Please check Risk vs Return Analysis. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for analysis

When running INTERNATIONAL EQUITY FUND price analysis, check to measure INTERNATIONAL EQUITY's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy INTERNATIONAL EQUITY is operating at the current time. Most of INTERNATIONAL EQUITY's value examination focuses on studying past and present price action to predict the probability of INTERNATIONAL EQUITY's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move INTERNATIONAL EQUITY's price. Additionally, you may evaluate how the addition of INTERNATIONAL EQUITY to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between INTERNATIONAL EQUITY's value and its price as these two are different measures arrived at by different means. Investors typically determine INTERNATIONAL EQUITY value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, INTERNATIONAL EQUITY's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.