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.
Over the last 30 days HRNTR-94 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, HRNTR 94 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|
HRNTR-94 Relative Risk vs. Return LandscapeIf you would invest 0.00 in HRNTR-94 on April 20, 2019 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