The entity owns Beta (Systematic Risk) of -0.1114 which signifies that as returns on market increase, returns on owning 2700247 are expected to decrease at a much smaller rate. During bear market, 2700247 is likely to outperform the market.. Even though it is essential to pay attention to 2700247 existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. 2700247 exposes twenty-one different technical indicators which can help you to evaluate its performance.
|Horizon||30 Days Login to change|
2700247 Relative Risk vs. Return LandscapeIf you would invest 198.00 in 2700247 on November 14, 2018 and sell it today you would lose (0.40) from holding 2700247 or give up 0.2% of portfolio value over 30 days. 2700247 is generating negative expected returns and assumes 0.101% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than 2700247 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
2700247 Market Risk Analysis
Sharpe Ratio = -0.5
Risk-Adjusted Fund PerformanceOver the last 30 days 2700247 has generated negative risk-adjusted returns adding no value to fund investors.