The fund owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and IE00B3ZYSN64 are completely uncorrelated. Although it is extremely important to respect IE00B3ZYSN64 existing price patterns, it is better to be realistic regarding the information on equity price patterns. The way in which we are determining future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting IE00B3ZYSN64 technical indicators you can at this moment evaluate if the expected return of 0.0% will be sustainable into the future.
|Horizon||30 Days Login to change|
IE00B3ZYSN64 Relative Risk vs. Return LandscapeIf you would invest 0.00 in IE00B3ZYSN64 on December 20, 2018 and sell it today you would earn a total of 0.00 from holding IE00B3ZYSN64 or generate 0.0% return on investment over 30 days. IE00B3ZYSN64 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 IE00B3ZYSN64 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
IE00B3ZYSN64 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted Fund PerformanceOver the last 30 days IE00B3ZYSN64 has generated negative risk-adjusted returns adding no value to fund investors.