The etf secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NIKHRL SAL are completely uncorrelated. Although it is extremely important to respect NIKHRL SAL S67 price patterns, it is better to be realistic regarding the information on equity historical price patterns. The approach towards estimating 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 inspecting NIKHRL SAL S67 technical indicators you can now evaluate if the expected return of 0.0% will be sustainable into the future.
Over the last 30 days NIKHRL SAL S67 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, NIKHRL SAL is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Horizon||30 Days Login to change|
NIKHRL SAL S67 Relative Risk vs. Return LandscapeIf you would invest 0.00 in NIKHRL SAL S67 on March 25, 2019 and sell it today you would earn a total of 0.00 from holding NIKHRL SAL S67 or generate 0.0% return on investment over 30 days. NIKHRL SAL S67 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 NIKHRL SAL and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NIKHRL SAL Market Risk Analysis
Sharpe Ratio = 0.0
NIKHRL SAL Alerts
Equity Alerts and Improvement Suggestions