The fund secures Beta (Market Risk) of -0.0132 which conveys that as returns on market increase, returns on owning Majedie Asset are expected to decrease at a much smaller rate. During bear market, Majedie Asset is likely to outperform the market. Even though it is essential to pay attention to Majedie Asset Mgmt price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Majedie Asset exposes twenty-one different technical indicators which can help you to evaluate its performance.
|Horizon||30 Days Login to change|
Majedie Asset Mgmt Relative Risk vs. Return LandscapeIf you would invest 17,900 in Majedie Asset Mgmt US Equity Z GBP Acc on December 19, 2018 and sell it today you would lose (800.00) from holding Majedie Asset Mgmt US Equity Z GBP Acc or give up 4.47% of portfolio value over 30 days. Majedie Asset Mgmt US Equity Z GBP Acc is generating negative expected returns and assumes 2.1744% volatility on return distribution over the 30 days horizon. Simply put, 19% of equities are less volatile than Majedie Asset and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Majedie Asset Current Valuation
Majedie Asset is Unknown risk asset. Majedie Asset Mgmt last-minute Real Value cannot be determined due to lack of data. The latest price of Majedie Asset Mgmt is p;171.0. Based on Macroaxis valuation methodology, the organization cannot be evaluated at this time. We determine the value of Majedie Asset Mgmt from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend to purchase undervalued stocks and to get rid of overvalued stocks since at some point entities prices and their ongoing real values will merge together.
Majedie Asset Market Risk Analysis
Sharpe Ratio = -0.223
Majedie Asset Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceOver the last 30 days Majedie Asset Mgmt US Equity Z GBP Acc has generated negative risk-adjusted returns adding no value to fund investors.
|Fifty Two Week Low||1.6981|
|Fifty Two Week High||1.6981|