Deka MDAX (Germany) Performance
| ELF1 Etf | 241.55 1.75 0.73% |
The etf shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Deka MDAX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deka MDAX is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Deka MDAX UCITS has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Deka MDAX is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Deka |
Deka MDAX Relative Risk vs. Return Landscape
If you would invest 24,690 in Deka MDAX UCITS on September 25, 2024 and sell it today you would lose (535.00) from holding Deka MDAX UCITS or give up 2.17% of portfolio value over 90 days. Deka MDAX UCITS is generating negative expected returns and assumes 0.8551% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than Deka, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Deka MDAX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deka MDAX's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Deka MDAX UCITS, and traders can use it to determine the average amount a Deka MDAX'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 = -0.0352
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| Negative Returns | ELF1 |
Estimated Market Risk
| 0.86 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Deka MDAX is not performing at its full potential. However, 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 Deka MDAX by adding Deka MDAX to a well-diversified portfolio.
| Deka MDAX UCITS generated a negative expected return over the last 90 days |