Our approach into measuring volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for TCNSD-37 which you can use to evaluate future volatility of the entity. Please validate TCNSD 37 Risk Adjusted Performance of 0.1254 and Market Risk Adjusted Performance of
(1.03) to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
TCNSD 37 Market Sensitivity
|As returns on market increase, returns on owning TCNSD 37 are expected to decrease at a much smaller rate. During bear market, TCNSD 37 is likely to outperform the market.2 Months Beta |Analyze TCNSD-37 Demand TrendCheck current 30 days TCNSD 37 correlation with market (DOW)|
β = -0.0723
TCNSD 37 Central Daily Price Deviation
TCNSD-37 Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
TCNSD 37 Projected Return Density Against MarketAssuming 30 trading days horizon, TCNSD-37 has beta of -0.0723 . This entails as returns on benchmark increase, returns on holding TCNSD 37 are expected to decrease at a much smaller rate. During bear market, however, TCNSD-37 is likely to outperform the market. Moreover, TCNSD-37 has an alpha of 0.0666 implying that it can potentially generate 0.0666% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.07|
|Beta against DOW||=||0.07|
TCNSD 37 Return VolatilityTCNSD-37 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.2918% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 1.29 and is 9.223372036854776E16 times more volatile than TCNSD-37. 0% of all equities and portfolios are less risky than TCNSD 37. Compared to the overall equity markets, volatility of historical daily returns of TCNSD-37 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use TCNSD-37 to protect against small markets fluctuations. The etf experiences very speculative upward sentiment.. Check odds of TCNSD 37 to be traded at S0.0 in 30 days. As returns on market increase, returns on owning TCNSD 37 are expected to decrease at a much smaller rate. During bear market, TCNSD 37 is likely to outperform the market.
TCNSD 37 correlation with market
Also please take a look at World Market Map. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.