The etf holds Beta of -0.0021 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.
Risk-Adjusted PerformanceOver the last 30 days PNTR-292 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, PNTR 292 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Horizon||30 Days Login to change|
PNTR-292 Relative Risk vs. Return LandscapeIf you would invest 40,365,600 in PNTR-292 on March 21, 2019 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
PNTR 292 Alerts
Equity Alerts and Improvement Suggestions