Capital Group New Etf Performance
| CGNG Etf | 25.83 0.08 0.31% |
The etf shows a Beta (market volatility) of -0.0669, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Capital Group are expected to decrease at a much lower rate. During the bear market, Capital Group is likely to outperform the market.
Risk-Adjusted Performance
Insignificant
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Compared to the overall equity markets, risk-adjusted returns on investments in Capital Group New are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, Capital Group is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
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Capital Group Relative Risk vs. Return Landscape
If you would invest 2,510 in Capital Group New on December 22, 2024 and sell it today you would earn a total of 73.00 from holding Capital Group New or generate 2.91% return on investment over 90 days. Capital Group New is currently generating 0.0514% in daily expected returns and assumes 0.9439% risk (volatility on return distribution) over the 90 days horizon. In different words, 8% of etfs are less volatile than Capital, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Capital Group Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Group's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Capital Group New, and traders can use it to determine the average amount a Capital Group'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 = 0.0544
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Estimated Market Risk
| 0.94 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.05 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Capital Group is performing at about 4% 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 Capital Group by adding it to a well-diversified portfolio.
About Capital Group Performance
By analyzing Capital Group's fundamental ratios, stakeholders can gain valuable insights into Capital Group's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Capital Group 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 Capital Group has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.