VALD.PA - Risk

Risk & Diversification Scores

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

Volatility Risk Score

5/7 Elevated

5 / 7 SRI PRIIPs Risk Class

Above-average volatility. Suitable for experienced investors with high risk tolerance (5+ years horizon).

Volatility (5Y)

14.6% p.a.

5-Year Horizon

Max Drawdown (5Y)

-33.7%

Deepest Drawdown

Sharpe Ratio

0.12

Moderate (0.0 - 0.5)

Rec. Holding Period

5 - 10+ Years

Investment Horizon

Elevated Risk / Growth: Score Basis:

Diversification Score

High Concentration (> 50%)

68 / 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

55.5%

Focused

Effective Holdings

~21

of 22 holdings

Top Sector

46.2%

Financial Services

Top Region / Country

51.1%

France

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	—	—	—	+12.9%
3 Years	12.6%	-14.1%	0.91	+14%
5 Years	14.6%	-33.7%	0.12	+4.3%
10 Years	16.1%	-45.8%	-0.01	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 11.3

⚠️ Fund closure risk (< 50M € AUM)

🟡 Moderate analyst coverage (14 analysts)

⚠️ Elevated top 10 holdings concentration: 56% of fund in top 10 positions.

⚠️ Single-country focus: 51% in "France".

⚠️ Sector concentration: 46% in "Financial Services".

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 50% of forward growth.

⚠️ Elevated Economic Cyclicality: 53% in cyclical industries – more vulnerable to economic downturns.

⚠️ Elevated Interest Rate Sensitivity: 67% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Elevated Regulatory & Policy Risk: 65% in heavily regulated industries (defense, regulated utilities, healthcare policy).