The entity owns Beta (Systematic Risk) of 0.0 which signifies that the returns on MARKET and 26419120 are completely uncorrelated. Although it is extremely important to respect 26419120 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 26419120 technical indicators you can at this moment evaluate if the expected return of 0.0% will be sustainable into the future.
Over the last 30 days 26419120 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, 26419120 is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short term losses for the investors.
|Horizon||30 Days Login to change|
26419120 Relative Risk vs. Return LandscapeIf you would invest (100.00) in 26419120 on April 20, 2019 and sell it today you would earn a total of 100.00 from holding 26419120 or generate -100.0% return on investment over 30 days. 26419120 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 26419120 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
26419120 Market Risk Analysis
Sharpe Ratio = 0.0