The entity has beta of 0.0 which indicates the returns on MARKET and TASEGOVN are completely uncorrelated. Although it is extremely important to respect TASEGOVN
current price movements, it is better to be realistic regarding the information on equity historical returns. The approach into measuring future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By examining TASEGOVN technical indicators
you can now evaluate if the expected return of 0.0% will be sustainable into the future.
TASEGOVN Relative Risk vs. Return Landscape
If you would invest 0.00
in TASEGOVN on September 16, 2018
and sell it today you would earn a total of 0.00
from holding TASEGOVN or generate 0.0%
return on investment over 30
days. TASEGOVN 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 TASEGOVN and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
TASEGOVN Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average TASEGOVN 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 TASEGOVN
by adding it to a well-diversified
|TASEGOVN is not yet fully synchronised with the market data|
|TASEGOVN has some characteristics of a very speculative penny stock|
See also World Market Map
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module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.