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.
|Horizon||30 Days Login to change|
PSGGL-22 Relative Risk vs. Return LandscapeIf you would invest 0.00 in PSGGL-22 on February 24, 2019 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
Risk-Adjusted PerformanceOver the last 30 days PSGGL-22 has generated negative risk-adjusted returns adding no value to investors with long positions.