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.
KSBY-146 Relative Risk vs. Return Landscape
If you would invest 0.00
in KSBY-146 on September 17, 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
Based on monthly moving average KSBY 146 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 KSBY 146
by adding it to a well-diversified
Over the last 30 days KSBY-146 has generated negative risk-adjusted returns adding no value to investors with long positions.
|KSBY-146 is not yet fully synchronised with the market data|
|KSBY-146 has some characteristics of a very speculative penny stock|
Please see also Stocks Correlation
. Please also try Idea Analyzer
module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.