The entity has beta of 0.0 which indicates the returns on MARKET and SNFL B1 are completely uncorrelated. Although it is extremely important to respect SNFL-B1 current price movements, it is better to be realistic regarding the information on equity historical returns. The approach towards measuring 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 SNFL-B1 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|
SNFL-B1 Relative Risk vs. Return LandscapeIf you would invest 0.00 in SNFL-B1 on February 22, 2019 and sell it today you would earn a total of 0.00 from holding SNFL-B1 or generate 0.0% return on investment over 30 days. SNFL-B1 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 SNFL B1 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
SNFL B1 Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted PerformanceOver the last 30 days SNFL-B1 has generated negative risk-adjusted returns adding no value to investors with long positions.