The entity owns Beta (Systematic Risk) of -0.0724 which implies as returns on market increase, returns on owning P9010 28 are expected to decrease at a much smaller rate. During bear market, P9010 28 is likely to outperform the market. Although it is extremely important to respect P9010-28
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The way in which we are forecasting 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 P9010-28 technical indicators
you can at this moment evaluate if the expected return of 0.0% will be sustainable into the future.
Over the last 30 days P9010-28 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P9010 28 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.