The entity has beta of 0.0 which indicates the returns on MARKET and SLXXL are completely uncorrelated. Although it is extremely important to respect SLXXL
current price movements, it is better to be realistic regarding the information on equity historical returns. The approach into measuring future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By evaluating SLXXL technical indicators
you can currently evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Over the last 30 days SLXXL has generated negative risk-adjusted returns adding no value to fund investors. Despite nearly stable fundamental indicators, SLXXL is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
SLXXL Relative Risk vs. Return Landscape
If you would invest (100.00)
in SLXXL on June 18, 2019
and sell it today you would earn a total of 100.00
from holding SLXXL or generate -100.0%
return on investment over 30
days. SLXXL 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 SLXXL and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
SLXXL Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average SLXXL 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 SLXXL
by adding it to a well-diversified