The fund owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and JM Floater are completely uncorrelated. Although it is extremely important to respect JM Floater LT
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The way in which we are determining 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 inspecting JM Floater LT 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 JM Floater LT Dir Dl Div has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, JM Floater is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Fifty Two Week Low||10.01|
|Fifty Two Week High||10.01|
|Annual Report Expense Ratio||0.44%|
JM Floater LT Relative Risk vs. Return Landscape
If you would invest (100.00)
in JM Floater LT Dir Dl Div on June 24, 2019
and sell it today you would earn a total of 100.00
from holding JM Floater LT Dir Dl Div or generate -100.0%
return on investment over 30
days. JM Floater LT Dir Dl Div 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 JM Floater and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
JM Floater Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average JM Floater 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 JM Floater
by adding it to a well-diversified