The fund secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NEM GLB are completely uncorrelated. Although it is extremely important to respect NEM GLB USD price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The way of estimating 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 NEM GLB USD technical indicators
you can today evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Over the last 30 days NEM GLB USD INV ACC has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, NEM GLB is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
NEM GLB USD Relative Risk vs. Return Landscape
If you would invest (100.00)
in NEM GLB USD INV ACC on April 24, 2019
and sell it today you would earn a total of 100.00
from holding NEM GLB USD INV ACC or generate -100.0%
return on investment over 30
days. NEM GLB USD INV ACC 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 NEM GLB and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NEM GLB Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average NEM GLB 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 NEM GLB
by adding it to a well-diversified