Bzdyf Etf Performance

BZDYF Etf  USD 30.35  0.11  0.36%   
The etf shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BZDYF are expected to decrease at a much lower rate. During the bear market, BZDYF is likely to outperform the market.

Risk-Adjusted Performance

11 of 100

 
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Compared to the overall equity markets, risk-adjusted returns on investments in BZDYF are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, BZDYF is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
Fifty Two Week Low28.33
Fifty Two Week High28.33
  

BZDYF Relative Risk vs. Return Landscape

If you would invest  2,921  in BZDYF on January 13, 2024 and sell it today you would earn a total of  114.00  from holding BZDYF or generate 3.9% return on investment over 90 days. BZDYF is currently producing 0.0648% returns and takes up 0.4479% volatility of returns over 90 trading days. Put another way, 3% of traded otc etfs are less volatile than BZDYF, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
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Assuming the 90 days horizon BZDYF is expected to generate 1.9 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.32 times less risky than the market. It trades about 0.14 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.21 of returns per unit of risk over similar time horizon.

BZDYF Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for BZDYF's investment risk. Standard deviation is the most common way to measure market volatility of otc etfs, such as BZDYF, and traders can use it to determine the average amount a BZDYF's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1447

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Estimated Market Risk

 0.45
  actual daily
3
97% of assets are more volatile

Expected Return

 0.06
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.14
  actual daily
11
89% of assets perform better
Based on monthly moving average BZDYF is performing at about 11% 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 BZDYF by adding it to a well-diversified portfolio.

About BZDYF Performance

To evaluate BZDYF OTC Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when BZDYF generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare BZDYF OTC Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand BZDYF market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents BZDYF's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.