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 EUR 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 EUR technical indicators you can today evaluate if the expected return of 0.0% will be sustainable into the future.
|Horizon||30 Days Login to change|
NEM GLB EUR Relative Risk vs. Return LandscapeIf you would invest 11,904 in NEM GLB EUR INV ACC on February 20, 2019 and sell it today you would earn a total of 0.00 from holding NEM GLB EUR INV ACC or generate 0.0% return on investment over 30 days. NEM GLB EUR 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
Risk-Adjusted Fund PerformanceOver the last 30 days NEM GLB EUR INV ACC has generated negative risk-adjusted returns adding no value to fund investors.