The entity owns Beta (Systematic Risk) of 0.0 which indicates the returns on MARKET and TCBN 138 are completely uncorrelated. Although it is extremely important to respect TCBN-138
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The way of 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 evaluating TCBN-138 technical indicators
you can today evaluate if the expected return of 0.0% will be sustainable into the future.
TCBN-138 Relative Risk vs. Return Landscape
If you would invest 0.00
in TCBN-138 on September 15, 2018
and sell it today you would earn a total of 0.00
from holding TCBN-138 or generate 0.0%
return on investment over 30
days. TCBN-138 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 TCBN-138 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
TCBN 138 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average TCBN 138 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 TCBN 138
by adding it to a well-diversified
Over the last 30 days TCBN-138 has generated negative risk-adjusted returns adding no value to investors with long positions.
|TCBN-138 is not yet fully synchronised with the market data|
|TCBN-138 has some characteristics of a very speculative penny stock|
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. Please also try Idea Breakdown
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