|INCNX-76 -- Israel ETF|| |
ILS 4,135 0.00 0.00%
The etf owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and INCNX 76 are completely uncorrelated. Although it is extremely important to respect INCNX-76
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The approach to determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By reviewing INCNX-76 technical indicators
you can today evaluate if the expected return of 0.0% will be sustainable into the future.
INCNX-76 Relative Risk vs. Return Landscape
If you would invest 413,500
in INCNX-76 on November 11, 2018
and sell it today you would earn a total of 0.00
from holding INCNX-76 or generate 0.0%
return on investment over 30
days. INCNX-76 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 INCNX-76 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
INCNX 76 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average INCNX 76 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 INCNX 76
by adding it to a well-diversified
Over the last 30 days INCNX-76 has generated negative risk-adjusted returns adding no value to investors with long positions.