|PNTR-292 -- Israel ETF|| |
ILS 403,656 55.00 0.0136%
The etf holds Beta of -5.0E-4 which implies as returns on market increase, returns on owning PNTR 292 are expected to decrease at a much smaller rate. During bear market, PNTR 292 is likely to outperform the market.. Although it is extremely important to respect PNTR-292
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-292 technical indicators
you can currently evaluate if the expected return of 0.0% will be sustainable into the future.
PNTR-292 Relative Risk vs. Return Landscape
If you would invest 40,365,600
in PNTR-292 on November 15, 2018
and sell it today you would earn a total of 0.00
from holding PNTR-292 or generate 0.0%
return on investment over 30
days. PNTR-292 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-292 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
PNTR 292 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average PNTR 292 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 PNTR 292
by adding it to a well-diversified
Over the last 30 days PNTR-292 has generated negative risk-adjusted returns adding no value to investors with long positions.