The etf holds Beta of 0.0 which implies the returns on MARKET and PSGGL 22 are completely uncorrelated. Although it is extremely important to respect PSGGL-22
current trending patterns, it is better to be realistic regarding the information on equity existing price patterns
. The approach 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 inspecting PSGGL-22 technical indicators
you can now evaluate if the expected return of 0.0% will be sustainable into the future.
PSGGL-22 Relative Risk vs. Return Landscape
If you would invest 0.00
in PSGGL-22 on November 10, 2018
and sell it today you would earn a total of 0.00
from holding PSGGL-22 or generate 0.0%
return on investment over 30
days. PSGGL-22 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 PSGGL-22 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
PSGGL 22 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average PSGGL 22 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 PSGGL 22
by adding it to a well-diversified
Over the last 30 days PSGGL-22 has generated negative risk-adjusted returns adding no value to investors with long positions.
|PSGGL-22 is not yet fully synchronised with the market data|
|PSGGL-22 has some characteristics of a very speculative penny stock|
Additionally take a look at Your Equity Center
. Please also try Portfolio Volatility
module to check portfolio volatility and analyze historical return density to properly model market risk.