MiraeAsset TIGER (Korea) Performance
| 329200 Etf | 4,100 50.00 1.23% |
The etf secures a Beta (Market Risk) of -0.0539, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MiraeAsset TIGER are expected to decrease at a much lower rate. During the bear market, MiraeAsset TIGER is likely to outperform the market.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days MiraeAsset TIGER REITs has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Etf's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the ETF investors. ...more
MiraeAsset |
MiraeAsset TIGER Relative Risk vs. Return Landscape
If you would invest 456,818 in MiraeAsset TIGER REITs on September 26, 2024 and sell it today you would lose (46,818) from holding MiraeAsset TIGER REITs or give up 10.25% of portfolio value over 90 days. MiraeAsset TIGER REITs is generating negative expected returns and assumes 1.0138% volatility on return distribution over the 90 days horizon. Simply put, 9% 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 REITs, 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 = -0.1669
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| Negative Returns | 329200 |
Estimated Market Risk
| 1.01 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MiraeAsset TIGER 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 MiraeAsset TIGER by adding MiraeAsset TIGER to a well-diversified portfolio.
| MiraeAsset TIGER generated a negative expected return over the last 90 days |