|GMFL -- USA Etf|| |
USD 27.82 0.00 0.00%
The etf retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and GMFL are completely uncorrelated. 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 0.0% will be sustainable into the future.
GMFL Relative Risk vs. Return Landscape
If you would invest 2,782
in GMFL on May 21, 2018
and sell it today you would earn a total of 0.00
from holding GMFL or generate 0.0%
return on investment over 30
days. GMFL is currenly does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 30 days horizon. In different words, 0% 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 (%)
GMFL Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average GMFL is performing at about 0% 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
Over the last 30 days GMFL has generated negative risk-adjusted returns adding no value to investors with long positions.