The entity owns Beta (Systematic Risk) of 0.0 which signifies that the returns on MARKET and 11241629 are completely uncorrelated. Although it is extremely important to respect 11241629
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The way in which we are foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By evaluating 11241629 technical indicators
you can at this moment evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Over the last 30 days 11241629 has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, 11241629 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
11241629 Relative Risk vs. Return Landscape
If you would invest (100.00)
in 11241629 on March 21, 2019
and sell it today you would earn a total of 100.00
from holding 11241629 or generate -100.0%
return on investment over 30
days. 11241629 is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than 11241629 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
11241629 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average 11241629 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 11241629
by adding it to a well-diversified