The entity owns Beta (Systematic Risk) of -0.0847 which signifies that as returns on market increase, returns on owning 4627976 are expected to decrease at a much smaller rate. During bear market, 4627976 is likely to outperform the market. Although it is extremely important to respect 4627976 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 4627976 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|
4627976 Relative Risk vs. Return LandscapeIf you would invest 187.96 in 4627976 on January 24, 2019 and sell it today you would earn a total of 0.00 from holding 4627976 or generate 0.0% return on investment over 30 days. 4627976 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 4627976 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
4627976 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted Fund PerformanceOver the last 30 days 4627976 has generated negative risk-adjusted returns adding no value to fund investors.