|24583770 -- Ireland ETF|| |
USD 97.07 10.69 9.92%
The entity owns Beta (Systematic Risk) of -0.3225 which signifies that as returns on market increase, returns on owning 24583770 are expected to decrease at a much smaller rate. During bear market, 24583770 is likely to outperform the market. 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.
24583770 Relative Risk vs. Return Landscape
If you would invest 9,707
in 24583770 on January 21, 2019
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.
Daily Expected Return (%)
24583770 Market Risk Analysis
Sharpe Ratio = 0.0
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
Over the last 30 days 24583770 has generated negative risk-adjusted returns adding no value to investors with long positions.