The fund owns Beta (Systematic Risk) of 0.0133 which attests that as returns on market increase, IE00BTFRDZ46 returns are expected to increase less than the market. However during bear market, the loss on holding IE00BTFRDZ46 will be expected to be smaller as well. . Although it is extremely important to respect IE00BTFRDZ46 IR 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 IE00BTFRDZ46 IR technical indicators you can at this moment evaluate if the expected return of 0.0623% will be sustainable into the future.
|Horizon||30 Days Login to change|
IE00BTFRDZ46 IR Relative Risk vs. Return LandscapeIf you would invest 9,630 in IE00BTFRDZ46 IR on December 16, 2018 and sell it today you would earn a total of 24.00 from holding IE00BTFRDZ46 IR or generate 0.25% return on investment over 30 days. IE00BTFRDZ46 IR is generating 0.0623% of daily returns and assumes 0.1048% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than IE00BTFRDZ46 IR and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
IE00BTFRDZ46 Current Valuation
IE00BTFRDZ46 is Unknown risk asset. IE00BTFRDZ46 IR latest Real Value cannot be determined due to lack of data. The recent price of IE00BTFRDZ46 IR is 96.54. Based on Macroaxis valuation methodology, the entity cannot be evaluated at this time. We determine the value of IE00BTFRDZ46 IR 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.
IE00BTFRDZ46 Market Risk Analysis
Sharpe Ratio = 0.5943
IE00BTFRDZ46 Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceCompared to the overall equity markets, risk-adjusted returns on investments in IE00BTFRDZ46 IR are ranked lower than 39 (%) of all funds and portfolios of funds over the last 30 days.
|Fifty Two Week Low||97.7700|
|Fifty Two Week High||97.7700|