HNSC.MI - Risk

Risk & Diversification Scores

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

Volatility Risk Score

7/7 Very High

7 / 7 SRI PRIIPs Risk Class

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

Volatility (3Y)

46.6% p.a.

Fallback

Max Drawdown (3Y)

-38.3%

Fallback

Sharpe Ratio

1.31

Excellent (> 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

7 / 100 Portfolio Diversification

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

High concentration risk: A few heavyweights drive the majority of fund value.

Top 10 Holdings

61.7%

Focused

Effective Holdings

~25

of 80 holdings

Top Sector

99.8%

Technology

Top Region / Country

60.9%

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	—	—	—	+112.9%
3 Years	46.6%	-38.3%	1.31	+63.5%
5 Years	—	—	—	—
10 Years	—	—	—	—

Notes & Warnings

⚠️ Elevated valuation: Avg P/E of 35.3

🟢 Deep market liquidity & capital coverage (Tier 1)

Solid fund volume

🟢 High institutional analyst coverage (33.2 analysts)

🔴 Extreme top 10 holdings concentration: 62% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 31% Emerging Markets.

🔴 Severe sector concentration risk: 100% in "Technology".

🔴 Extreme industry concentration: 74% in "Semiconductors".

ℹ️ Tech-Capex Exposure: 100% in semiconductors & hardware – dependent on hyperscaler capex cycles.