ANRJ.PA - Risk

Risk & Diversification Scores

Transparent evaluation of price volatility (SRI) and 4-dimensional portfolio diversification.

Volatility Risk Score

6/7 High

6 / 7 SRI PRIIPs Risk Class

Very high volatility or fundamental risks. Significant loss potential; strictly for aggressive investors.

Volatility (5Y)

22.8% p.a.

5-Year Horizon

Max Drawdown (5Y)

-19.0%

Deepest Drawdown

Sharpe Ratio

0.90

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

Focused (35% – 50%)

80 / 100 Portfolio Diversification

4 Dimensions: Holdings (30%) • Sectors (25%) • Industries (25%) • Regions (20%)

Focused weighting: Top holdings drive a major share of fund returns.

Top 10 Holdings

47.4%

Focused

Effective Holdings

~33

of 45 holdings

Top Sector

30.8%

Industrials

Top Region / Country

16.2%

United States

Elevated concentration in top individual holdings, leading sectors, or key regions.

Multi-Horizon Risk & Performance Matrix

Historical volatility, drawdowns, and risk-adjusted return across 1, 3, 5, and 10 years.

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+24.8%
3 Years	17.3%	-15.8%	1.35	+25.9%
5 Years	22.8%	-19.0%	0.9	+23%
10 Years	25.8%	-58.9%	0.41	+13.1%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 19.4

🟢 Excellent global diversification (Score 80/100)

Solid fund volume

🟡 Moderate analyst coverage (14 analysts)

⚠️ Elevated top 10 holdings concentration: 47% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 25% Emerging Markets.

⚠️ Sector concentration: 31% in "Industrials".

🔴 Growth estimates are hyper-concentrated: Top 3 growth drivers account for 94% of total forward growth.

⚠️ Elevated Commodity Sensitivity: 28% of fund depends directly on energy and raw material prices (oil, metals, basic materials).

🔴 Dominant Cyclicality: 73% in cyclical industries – higher drawdown risk in recessions.

⚠️ Elevated Interest Rate Sensitivity: 36% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Elevated Regulatory & Policy Risk: 38% in heavily regulated industries (defense, regulated utilities, healthcare policy).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -58.9% in the extended horizon.