The etf owns Beta (Systematic Risk) of 0.0 which implies the returns on MARKET and PSBN 197 are completely uncorrelated. Although it is extremely important to respect PSBN-197
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The philosophy in 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 examining PSBN-197 technical indicators
you can now evaluate if the expected return of 0.0% will be sustainable into the future.
PSBN-197 Relative Risk vs. Return Landscape
If you would invest 0.00
in PSBN-197 on November 13, 2018
and sell it today you would earn a total of 0.00
from holding PSBN-197 or generate 0.0%
return on investment over 30
days. PSBN-197 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 PSBN-197 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
PSBN 197 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average PSBN 197 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 PSBN 197
by adding it to a well-diversified
Over the last 30 days PSBN-197 has generated negative risk-adjusted returns adding no value to investors with long positions.
|PSBN-197 is not yet fully synchronised with the market data|
|PSBN-197 has some characteristics of a very speculative penny stock|