The etf secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and KGLL 96 are completely uncorrelated. Although it is extremely important to respect KGLL-96 price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The way of 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 evaluating KGLL-96 technical indicators
you can today evaluate if the expected return of 0.0% will be sustainable into the future.
Over the last 30 days KGLL-96 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, KGLL 96 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
KGLL-96 Relative Risk vs. Return Landscape
If you would invest (100.00)
in KGLL-96 on March 20, 2019
and sell it today you would earn a total of 100.00
from holding KGLL-96 or generate -100.0%
return on investment over 30
days. KGLL-96 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 KGLL 96 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
KGLL 96 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average KGLL 96 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 KGLL 96
by adding it to a well-diversified