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.
HRGIL-8 Relative Risk vs. Return Landscape
If you would invest 27,269
in HRGIL-8 on November 12, 2018
and sell it today you would earn a total of 0.00
from holding HRGIL-8 or generate 0.0%
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
Based on monthly moving average HRGIL 8 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 HRGIL 8
by adding it to a well-diversified
Over the last 30 days HRGIL-8 has generated negative risk-adjusted returns adding no value to investors with long positions.
Please also check Risk vs Return Analysis
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