LG DAX (Germany) Performance
| DES2 Etf | 0.92 0.01 1.08% |
The etf owns a Beta (Systematic Risk) of 0.0976, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LG DAX's returns are expected to increase less than the market. However, during the bear market, the loss of holding LG DAX is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days LG DAX Daily has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Etf's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the fund shareholders. ...more
DES2 |
LG DAX Relative Risk vs. Return Landscape
If you would invest 100.00 in LG DAX Daily on October 4, 2024 and sell it today you would lose (7.00) from holding LG DAX Daily or give up 7.0% of portfolio value over 90 days. LG DAX Daily is generating negative expected returns and assumes 1.4989% volatility on return distribution over the 90 days horizon. Simply put, 13% of etfs are less volatile than DES2, 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 DAX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG DAX's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as LG DAX Daily, and traders can use it to determine the average amount a LG DAX'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 = -0.0733
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| Negative Returns | DES2 |
Estimated Market Risk
| 1.5 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average LG DAX 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 DAX by adding LG DAX to a well-diversified portfolio.
| LG DAX Daily generated a negative expected return over the last 90 days | |
| LG DAX Daily has some characteristics of a very speculative penny stock |