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.
|Horizon||30 Days Login to change|
TCBN-138 Relative Risk vs. Return LandscapeIf you would invest 0.00 in TCBN-138 on November 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
Risk-Adjusted PerformanceOver the last 30 days TCBN-138 has generated negative risk-adjusted returns adding no value to investors with long positions.