Questrade Russell Performance

Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD -- Canada ETF  

CAD 30.07  0.00  0.00%

The etf holds Beta of -0.2071 which implies as returns on market increase, returns on owning Questrade Russell are expected to decrease at a much smaller rate. During bear market, Questrade Russell is likely to outperform the market.. Although it is extremely important to respect Questrade Russell 1000 current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting 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 analyzing Questrade Russell 1000 technical indicators you can presently evaluate if the expected return of 0.2434% will be sustainable into the future.
Investment Horizon     30 Days    Login   to change

Questrade Russell 1000 Relative Risk vs. Return Landscape

If you would invest  2,900  in Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD on November 13, 2017 and sell it today you would earn a total of  107  from holding Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD or generate 3.69% return on investment over 30 days. Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is generating 0.2434% of daily returns assuming 0.5873% volatility of returns over the 30 days investment horizon. Simply put, 5% of all equities have less volatile historical return distribution than Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD and 96% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is expected to generate 1.19 times more return on investment than the market. However, the company is 1.19 times more volatile than its market benchmark. It trades about 0.41 of its potential returns per unit of risk. The DOW is currently generating roughly 0.44 per unit of risk.

One Month Efficiency

Questrade Russell Sharpe Ratio = 0.4145
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Estimated Market Risk

 0.59
  actual daily
 
 95 %
of total potential
  

Expected Return

 0.24
  actual daily
 
 4 %
of total potential
  

Risk-Adjusted Return

 0.41
  actual daily
 
 27 %
of total potential
  
Based on monthly moving average Questrade Russell is performing at about 27% 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 Questrade Russell by adding it to a well-diversified portfolio.