The etf holds Beta of 0.0 which implies the returns on MARKET and PNTR 290 are completely uncorrelated. Although it is extremely important to respect PNTR-290 current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards 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 PNTR-290 technical indicators you can currently evaluate if the expected return of 0.0% will be sustainable into the future.
|Horizon||30 Days Login to change|
PNTR-290 Relative Risk vs. Return LandscapeIf you would invest 0.00 in PNTR-290 on February 23, 2019 and sell it today you would earn a total of 0.00 from holding PNTR-290 or generate 0.0% return on investment over 30 days. PNTR-290 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 PNTR 290 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
PNTR 290 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted PerformanceOver the last 30 days PNTR-290 has generated negative risk-adjusted returns adding no value to investors with long positions.