The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ Malaysia are completely uncorrelated. Although it is extremely important to respect NASDAQ Malaysia Util price patterns, it is better to be realistic regarding the information on equity historical price patterns. The approach into estimating future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting NASDAQ Malaysia Util technical indicators you can now evaluate if the expected return of 0.1704% will be sustainable into the future.
|Horizon||30 Days Login to change|
NASDAQ Malaysia Util Relative Risk vs. Return LandscapeIf you would invest 104,298 in NASDAQ Malaysia Utilities Lg Md on September 21, 2019 and sell it today you would earn a total of 534.00 from holding NASDAQ Malaysia Utilities Lg Md or generate 0.51% return on investment over 30 days. NASDAQ Malaysia Utilities Lg Md is generating 0.1704% of daily returns and assumes 0.1557% volatility on return distribution over the 30 days horizon. Simply put, 1% of equities are less volatile than NASDAQ Malaysia and 97% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NASDAQ Malaysia Market Risk Analysis
Sharpe Ratio = 1.0947
NASDAQ Malaysia Relative Performance Indicators
Estimated Market Risk