Macroaxis considers GAZB unknown risk given 1 month investment horizon. GAZB holds Efficiency (Sharpe) Ratio of 0.381 which attests that GAZB had 0.381% of return per unit of standard deviation over the last 1 month. Our approach into determining volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing GAZB technical indicators you can now evaluate if the expected return of 0.6268% is justified by implied risk. Please utilize GAZB Mean Deviation of 0.6954 to validate if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
GAZB Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, GAZB has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and GAZB are completely uncorrelated. Furthermore, GAZBIt does not look like GAZB alpha can have any bearing on the equity current valuation.
Predicted Return Density