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 LandscapeIf 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 (%)
NZSE Market Risk Analysis
Sharpe Ratio = 0.0824
NZSE Relative Performance Indicators
Estimated Market Risk