FNB ETN (South Africa) Performance
| GSETNQ Etf | 2,867 11.00 0.38% |
The etf owns a Beta (Systematic Risk) of 0.0674, which means not very significant fluctuations relative to the market. As returns on the market increase, FNB ETN's returns are expected to increase less than the market. However, during the bear market, the loss of holding FNB ETN is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days FNB ETN GSACHSQ has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Etf's basic indicators remain somewhat strong which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long term up-swing for the ETF investors. ...more
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FNB ETN Relative Risk vs. Return Landscape
If you would invest 309,700 in FNB ETN GSACHSQ on December 14, 2024 and sell it today you would lose (23,000) from holding FNB ETN GSACHSQ or give up 7.43% of portfolio value over 90 days. FNB ETN GSACHSQ is generating negative expected returns and assumes 3.1425% volatility on return distribution over the 90 days horizon. Simply put, 28% of etfs are less volatile than FNB, 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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FNB ETN Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for FNB ETN's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as FNB ETN GSACHSQ, and traders can use it to determine the average amount a FNB ETN'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 = -0.0666
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| Negative Returns | GSETNQ |
Estimated Market Risk
| 3.14 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.21 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 FNB ETN 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 FNB ETN by adding FNB ETN to a well-diversified portfolio.
About FNB ETN Performance
By analyzing FNB ETN's fundamental ratios, stakeholders can gain valuable insights into FNB ETN's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if FNB ETN 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 FNB ETN has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| FNB ETN GSACHSQ generated a negative expected return over the last 90 days | |
| FNB ETN GSACHSQ has high historical volatility and very poor performance |
Other Information on Investing in FNB Etf
FNB ETN financial ratios help investors to determine whether FNB 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 FNB with respect to the benefits of owning FNB ETN security.