The entity has beta of 0.0 which indicates the returns on MARKET and VEGA DIVFD are completely uncorrelated. Although it is extremely important to respect VEGA DIVFD 2X current price movements, it is better to be realistic regarding the information on equity historical returns. The approach towards measuring 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 examining VEGA DIVFD 2X technical indicators you can now evaluate if the expected return of 0.0% will be sustainable into the future.
|Horizon||30 Days Login to change|
VEGA DIVFD 2X Relative Risk vs. Return LandscapeIf you would invest (100.00) in VEGA DIVFD 2X USD 3 on January 18, 2019 and sell it today you would earn a total of 100.00 from holding VEGA DIVFD 2X USD 3 or generate -100.0% return on investment over 30 days. VEGA DIVFD 2X USD 3 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 VEGA DIVFD and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
VEGA DIVFD Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted Fund PerformanceOver the last 30 days VEGA DIVFD 2X USD 3 has generated negative risk-adjusted returns adding no value to fund investors.