The etf owns Beta (Systematic Risk) of 0.0 which conveys that the returns on MARKET and KSBY 146 are completely uncorrelated. Although it is extremely important to respect KSBY-146 existing price patterns, it is better to be realistic regarding the information on equity price patterns. The approach to 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 examining KSBY-146 technical indicators you can today evaluate if the expected return of 0.0% will be sustainable into the future.
|Horizon||30 Days Login to change|
KSBY-146 Relative Risk vs. Return LandscapeIf you would invest 0.00 in KSBY-146 on November 18, 2018 and sell it today you would earn a total of 0.00 from holding KSBY-146 or generate 0.0% return on investment over 30 days. KSBY-146 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 KSBY-146 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
KSBY 146 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted PerformanceOver the last 30 days KSBY-146 has generated negative risk-adjusted returns adding no value to investors with long positions.