The etf holds Beta of 0.0 which implies the returns on MARKET and PDRB 162 are completely uncorrelated. Although it is extremely important to respect PDRB-162 current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The approach into 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 inspecting PDRB-162 technical indicators you can now evaluate if the expected return of 0.0% will be sustainable into the future.
|Horizon||30 Days Login to change|
PDRB-162 Relative Risk vs. Return LandscapeIf you would invest 0.00 in PDRB-162 on November 16, 2018 and sell it today you would earn a total of 0.00 from holding PDRB-162 or generate 0.0% return on investment over 30 days. PDRB-162 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 PDRB-162 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
PDRB 162 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted PerformanceOver the last 30 days PDRB-162 has generated negative risk-adjusted returns adding no value to investors with long positions.