The etf holds Beta of 0.0 which implies the returns on MARKET and PSIX 152 are completely uncorrelated. Although it is extremely important to respect PSIX-152 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 PSIX-152 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|
PSIX-152 Relative Risk vs. Return LandscapeIf you would invest 0.00 in PSIX-152 on December 25, 2018 and sell it today you would earn a total of 0.00 from holding PSIX-152 or generate 0.0% return on investment over 30 days. PSIX-152 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 PSIX 152 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
PSIX 152 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted PerformanceOver the last 30 days PSIX-152 has generated negative risk-adjusted returns adding no value to investors with long positions.