The etf owns Beta (Systematic Risk) of 0.086 which conveys that as returns on market increase, KGAS 117 returns are expected to increase less than the market. However during bear market, the loss on holding KGAS 117 will be expected to be smaller as well. Although it is extremely important to respect KGAS-117 existing price patterns, it is better to be realistic regarding the information on equity price patterns. The approach into estimating 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 inspecting KGAS-117 technical indicators you can right now evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted PerformanceOver the last 30 days KGAS-117 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, KGAS 117 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Horizon||30 Days Login to change|
KGAS-117 Relative Risk vs. Return LandscapeIf you would invest 3,771,100 in KGAS-117 on March 22, 2019 and sell it today you would earn a total of 0.00 from holding KGAS-117 or generate 0.0% return on investment over 30 days. KGAS-117 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 KGAS 117 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
KGAS 117 Market Risk Analysis
Sharpe Ratio = 0.0
KGAS 117 Alerts
Equity Alerts and Improvement Suggestions