GMFL Performance

GMFL -- USA Etf  

USD 27.43  0.00  0.00%

The etf retains Market Volatility (i.e. Beta) of -0.1463 which attests that as returns on market increase, returns on owning GMFL are expected to decrease at a much smaller rate. During bear market, GMFL is likely to outperform the market.. Although it is extremely important to respect GMFL current price history, it is better to be realistic regarding the information on equity current price movements. The approach to determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining GMFL technical indicators you can today evaluate if the expected return of 0.0328% will be sustainable into the future.
 Time Horizon     30 Days    Login   to change

GMFL Relative Risk vs. Return Landscape

If you would invest  2,733  in GMFL on March 23, 2018 and sell it today you would earn a total of  10.00  from holding GMFL or generate 0.37% return on investment over 30 days. GMFL is currenly generating 0.0328% of daily expected returns and assumes 1.0144% risk (volatility on return distribution) over the 30 days horizon. In different words, 9% of equities are less volatile than GMFL and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, GMFL is expected to generate 0.72 times more return on investment than the market. However, the company is 1.39 times less risky than the market. It trades about 0.03 of its potential returns per unit of risk. The DOW is currently generating roughly -0.02 per unit of risk.

Performance Rating

GMFL Risk Adjusted Performance Analysis
2 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in GMFL are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

2 Months Efficiency

GMFL Sharpe Ratio = 0.0324
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Estimated Market Risk
 1.01
  actual daily
 
 91 %
of total potential
  
Expected Return
 0.03
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 0.03
  actual daily
 
 2 %
of total potential
  
Based on monthly moving average GMFL is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GMFL by adding it to a well-diversified portfolio.
Please also check Risk vs Return Analysis. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.