MiraeAsset TIGER (Korea) Performance
| 241180 Etf | 21,855 105.00 0.48% |
The etf secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MiraeAsset TIGER's returns are expected to increase less than the market. However, during the bear market, the loss of holding MiraeAsset TIGER is expected to be smaller as well.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in MiraeAsset TIGER NIKKEI225 are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, MiraeAsset TIGER is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
MiraeAsset |
MiraeAsset TIGER Relative Risk vs. Return Landscape
If you would invest 2,164,500 in MiraeAsset TIGER NIKKEI225 on September 27, 2024 and sell it today you would earn a total of 21,000 from holding MiraeAsset TIGER NIKKEI225 or generate 0.97% return on investment over 90 days. MiraeAsset TIGER NIKKEI225 is generating 0.0222% of daily returns and assumes 1.1374% volatility on return distribution over the 90 days horizon. Simply put, 10% of etfs are less volatile than MiraeAsset, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MiraeAsset TIGER Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MiraeAsset TIGER's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MiraeAsset TIGER NIKKEI225, and traders can use it to determine the average amount a MiraeAsset TIGER'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 = 0.0195
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| Negative Returns | 241180 |
Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average MiraeAsset TIGER is performing at about 1% 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 MiraeAsset TIGER by adding it to a well-diversified portfolio.