LG Clean (Switzerland) Performance
| RENW Etf | CHF 8.13 0.13 1.63% |
The etf owns a Beta (Systematic Risk) of -0.0865, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LG Clean are expected to decrease at a much lower rate. During the bear market, LG Clean is likely to outperform the market.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days LG Clean Energy has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Etf's basic indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the fund sophisticated investors. ...more
RENW |
LG Clean Relative Risk vs. Return Landscape
If you would invest 893.00 in LG Clean Energy on September 29, 2024 and sell it today you would lose (80.00) from holding LG Clean Energy or give up 8.96% of portfolio value over 90 days. LG Clean Energy is generating negative expected returns and assumes 1.2386% volatility on return distribution over the 90 days horizon. Simply put, 11% of etfs are less volatile than RENW, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
LG Clean Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Clean's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as LG Clean Energy, and traders can use it to determine the average amount a LG Clean'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 = -0.116
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| Negative Returns | RENW |
Estimated Market Risk
| 1.24 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average LG Clean 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 LG Clean by adding LG Clean to a well-diversified portfolio.
About LG Clean Performance
Evaluating LG Clean's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if LG Clean has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if LG Clean has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| LG Clean Energy generated a negative expected return over the last 90 days |
Other Information on Investing in RENW Etf
LG Clean financial ratios help investors to determine whether RENW Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RENW with respect to the benefits of owning LG Clean security.