24583770 (Ireland) Performance

24583770 -- Ireland ETF  

USD 97.07  10.69  9.92%

The entity owns Beta (Systematic Risk) of -1.1866 which signifies that as returns on market increase, returns on owning 24583770 are expected to decrease by larger amounts. On the other hand, during market turmoil, 24583770 is expected to significantly outperform it.. Although it is extremely important to respect 24583770 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 etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating 24583770 technical indicators you can at this moment evaluate if the expected return of 0.0% will be sustainable into the future.
Horizon     30 Days    Login   to change

24583770 Relative Risk vs. Return Landscape

If you would invest  9,707  in 24583770 on August 23, 2018 and sell it today you would earn a total of  0.00  from holding 24583770 or generate 0.0% return on investment over 30 days. 24583770 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 24583770 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
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24583770 Market Risk Analysis

Sharpe Ratio = 0.0
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Based on monthly moving average 24583770 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 24583770 by adding it to a well-diversified portfolio.

24583770 Performance Rating

24583770 Risk Adjusted Performance Analysis


Risk-Adjusted Performance

Over the last 30 days 24583770 has generated negative risk-adjusted returns adding no value to investors with long positions.
Check also Trending Equities. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.
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