The entity owns Beta (Systematic Risk) of 0.0 which signifies that the returns on MARKET and 19909969 are completely uncorrelated. Although it is extremely important to respect 19909969 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 19909969 technical indicators you can at this moment evaluate if the expected return of 0.108% will be sustainable into the future.
|Horizon||30 Days Login to change|
19909969 Relative Risk vs. Return LandscapeIf you would invest 108.00 in 19909969 on November 14, 2018 and sell it today you would earn a total of 0.35 from holding 19909969 or generate 0.32% return on investment over 30 days. 19909969 is generating 0.108% of daily returns and assumes 0.1871% volatility on return distribution over the 30 days horizon. Simply put, 1% of equities are less volatile than 19909969 and 98% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
19909969 Market Risk Analysis
Sharpe Ratio = 0.5774
19909969 Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceCompared to the overall equity markets, risk-adjusted returns on investments in 19909969 are ranked lower than 38 (%) of all funds and portfolios of funds over the last 30 days.