NZSE (New Zealand) Performance

NZ50 -- New Zealand Index  

 10,641  120.61  1.12%

The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NZSE are completely uncorrelated. Although it is extremely important to respect NZSE price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards 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 reviewing NZSE technical indicators you can currently evaluate if the expected return of 0.0651% will be sustainable into the future.
Horizon     30 Days    Login   to change

NZSE Relative Risk vs. Return Landscape

If you would invest  1,041,829  in NZSE on July 21, 2019 and sell it today you would earn a total of  22,224  from holding NZSE or generate 2.13% return on investment over 30 days. NZSE is currently producing 0.0651% returns and takes up 0.791% volatility of returns over 30 trading days. Put another way, 7% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, NZSE is expected to generate 0.85 times more return on investment than the market. However, the company is 1.17 times less risky than the market. It trades about 0.08 of its potential returns per unit of risk. The DOW is currently generating roughly -0.07 per unit of risk.

NZSE Market Risk Analysis

Sharpe Ratio = 0.0824
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NZSE Relative Performance Indicators

Estimated Market Risk
 0.79
  actual daily
 
 7 %
of total potential
 
77
Expected Return
 0.07
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.08
  actual daily
 
 5 %
of total potential
 
55
Based on monthly moving average NZSE is performing at about 5% 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 NZSE by adding it to a well-diversified portfolio.
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