NewFunds GOVI (South Africa) Performance
| STXGVI Etf | 7,768 33.00 0.42% |
The etf secures a Beta (Market Risk) of 0.0403, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NewFunds GOVI's returns are expected to increase less than the market. However, during the bear market, the loss of holding NewFunds GOVI is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days NewFunds GOVI Exchange has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong technical and fundamental indicators, NewFunds GOVI is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
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NewFunds GOVI Relative Risk vs. Return Landscape
If you would invest 798,100 in NewFunds GOVI Exchange on September 17, 2024 and sell it today you would lose (21,300) from holding NewFunds GOVI Exchange or give up 2.67% of portfolio value over 90 days. NewFunds GOVI Exchange is generating negative expected returns and assumes 0.639% volatility on return distribution over the 90 days horizon. Simply put, 5% of etfs are less volatile than NewFunds, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NewFunds GOVI Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewFunds GOVI's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NewFunds GOVI Exchange, and traders can use it to determine the average amount a NewFunds GOVI'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 = -0.0629
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| Negative Returns | STXGVI |
Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NewFunds GOVI 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 NewFunds GOVI by adding NewFunds GOVI to a well-diversified portfolio.
| NewFunds GOVI generated a negative expected return over the last 90 days |