|CPSEETF -- India Stock|| |
INR 23.80 0.20 0.83%
The firm shows Beta (market volatility) of -0.137 which signifies that as returns on market increase, returns on owning CPSE ETF are expected to decrease at a much smaller rate. During bear market, CPSE ETF is likely to outperform the market. Even though it is essential to pay attention to CPSE ETF
historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. CPSE ETF exposes twenty-one different technical indicators which can help you to evaluate its performance. CPSE ETF
has expected return of -0.0484%. Please be advised to confirm CPSE ETF Treynor Ratio
as well as the relationship
between Potential Upside
and Expected Short fall
to decide if CPSE ETF
past performance will be repeated at future time.
CPSE ETF Relative Risk vs. Return Landscape
If you would invest 2,401
in CPSE ETF on January 16, 2019
and sell it today you would lose (21.00)
from holding CPSE ETF or give up 0.87%
of portfolio value over 30
days. CPSE ETF is generating negative expected returns and assumes 0.8365% volatility on return distribution over the 30 days horizon. Simply put, 7% of equities are less volatile than CPSE ETF and 99% 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, CPSE ETF is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 2.24 times less risky than the market. the firm trades about -0.06 of its potential returns per unit of risk. The DOW is currently generating roughly 0.13 of returns per unit of risk over similar time horizon.
CPSE ETF Market Risk Analysis
Sharpe Ratio = -0.0578
CPSE ETF Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average CPSE ETF 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 CPSE ETF
by adding it to a well-diversified
Over the last 30 days CPSE ETF has generated negative risk-adjusted returns adding no value to investors with long positions.
|Fifty Two Week Low||21.50|
|Fifty Two Week High||31.49|