The fund owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and IE00BKWQ0P07 are completely uncorrelated. Although it is extremely important to respect IE00BKWQ0P07
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 IE00BKWQ0P07 technical indicators
you can at this moment evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Over the last 30 days IE00BKWQ0P07 has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly stable primary indicators, IE00BKWQ0P07 is not utilizing all of its potentials. The latest stock price fuss, may contribute to near short-term losses for the directors.
IE00BKWQ0P07 Relative Risk vs. Return Landscape
If you would invest (100.00)
in IE00BKWQ0P07 on May 17, 2019
and sell it today you would earn a total of 100.00
from holding IE00BKWQ0P07 or generate -100.0%
return on investment over 30
days. IE00BKWQ0P07 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 IE00BKWQ0P07 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
IE00BKWQ0P07 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average IE00BKWQ0P07 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 IE00BKWQ0P07
by adding it to a well-diversified