The fund owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and IE00B4NHK056 are completely uncorrelated. Although it is extremely important to respect IE00B4NHK056 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 IE00B4NHK056 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|
IE00B4NHK056 Relative Risk vs. Return LandscapeIf you would invest 85,494 in IE00B4NHK056 on January 21, 2019 and sell it today you would earn a total of 0.00 from holding IE00B4NHK056 or generate 0.0% return on investment over 30 days. IE00B4NHK056 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 IE00B4NHK056 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
IE00B4NHK056 Current Valuation
IE00B4NHK056 is Unknown risk asset. IE00B4NHK056 latest Real Value cannot be determined due to lack of data. The recent price of IE00B4NHK056 is 854.94. Based on Macroaxis valuation methodology, the entity cannot be evaluated at this time. We determine the value of IE00B4NHK056 from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage to invest in undervalued equities and to sell overvalued equities since sooner or later instruments prices and their ongoing real values will blend.
IE00B4NHK056 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted Fund PerformanceOver the last 30 days IE00B4NHK056 has generated negative risk-adjusted returns adding no value to fund investors.