|CFPA -- Germany ETF|| |
EUR 6.45 0.04 0.62%
The organization shows Beta (market volatility) of -0.2735 which signifies that as returns on market increase, returns on owning CFPA BE are expected to decrease at a much smaller rate. During bear market, CFPA BE is likely to outperform the market. Although it is vital to follow to CFPA BE
historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards 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 reviewing CFPA BE technical indicators
you can today evaluate if the expected return of 0.4186% will be sustainable into the future.
CFPA BE Relative Risk vs. Return Landscape
If you would invest 637.00
in CFPA BE on February 22, 2019
and sell it today you would earn a total of 8.00
from holding CFPA BE or generate 1.26%
return on investment over 30
days. CFPA BE is generating 0.4186% of daily returns and assumes 0.7251% volatility on return distribution over the 30 days horizon. Simply put, 6% of equities are less volatile than CFPA BE and 93% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, CFPA BE is expected to generate 1.05 times more return on investment than the market. However, the company is 1.05 times more volatile than its market benchmark. It trades about 0.58 of its potential returns per unit of risk. The DOW is currently generating roughly 0.13 per unit of risk.
CFPA BE Market Risk Analysis
Sharpe Ratio = 0.5774
CFPA BE Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average CFPA BE is performing at about 38% 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 CFPA BE
by adding it to a well-diversified
Compared to the overall equity markets, risk-adjusted returns on investments in CFPA BE are ranked lower than 38 (%) of all global equities and portfolios over the last 30 days.