HSTE.L - 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 (5Y)

310.2% p.a.

5-Year Horizon

Max Drawdown (5Y)

-91.4%

Deepest Drawdown

Sharpe Ratio

-0.03

Negative (< 0.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

48 / 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

71.8%

Focused

Effective Holdings

~18

of 30 holdings

Top Sector

40.9%

Consumer Cyclical

Top Region / Country

89.0%

China

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.

Volatility Expansion (3Y > 5Y) High Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	-37.9%
3 Years	398.1%	-91.4%	0	+2.6%
5 Years	310.2%	-91.4%	-0.03	-8.2%
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 18.5

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (15.9 analysts)

🔴 Extreme top 10 holdings concentration: 72% of fund in top 10 positions.

🔴 High single-country risk: 89% of portfolio in "China".

⚠️ Elevated emerging markets risk: 100% Emerging Markets.

⚠️ Sector concentration: 41% in "Consumer Cyclical".

⚠️ Sector concentration: 33% in "Technology".

🔴 Growth estimates are hyper-concentrated: Top 3 growth drivers account for 80% of total forward growth.

⚠️ Elevated Short-Term Volatility: 3Y volatility (398.1%) is noticeably higher than the 5Y average (310.2%).

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (310.2% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -91.4% in the extended horizon.