The etf retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and HRNTR 94 are completely uncorrelated. Although it is extremely important to respect HRNTR-94
current price history, it is better to be realistic regarding the information on equity current price movements. The approach towards 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 HRNTR-94 technical indicators
you can now evaluate if the expected return of 0.0% will be sustainable into the future.
HRNTR-94 Relative Risk vs. Return Landscape
If you would invest 0.00
in HRNTR-94 on September 20, 2018
and sell it today you would earn a total of 0.00
from holding HRNTR-94 or generate 0.0%
return on investment over 30
days. HRNTR-94 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 HRNTR-94 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
HRNTR 94 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average HRNTR 94 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 HRNTR 94
by adding it to a well-diversified
Over the last 30 days HRNTR-94 has generated negative risk-adjusted returns adding no value to investors with long positions.
|HRNTR-94 is not yet fully synchronised with the market data|
|HRNTR-94 has some characteristics of a very speculative penny stock|