The etf retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and HRGIL 8 are completely uncorrelated. Although it is extremely important to respect HRGIL-8 current price history, it is better to be realistic regarding the information on equity current price movements. The way of determining 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 analyzing HRGIL-8 technical indicators you can now evaluate if the expected return of 0.0% will be sustainable into the future.
|Horizon||30 Days Login to change|
HRGIL-8 Relative Risk vs. Return LandscapeIf you would invest (100.00) in HRGIL-8 on February 22, 2019 and sell it today you would earn a total of 100.00 from holding HRGIL-8 or generate -100.0% return on investment over 30 days. HRGIL-8 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 HRGIL 8 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
HRGIL 8 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted PerformanceOver the last 30 days HRGIL-8 has generated negative risk-adjusted returns adding no value to investors with long positions.