Micro Gold Futures Commodity Performance
| MGCUSD Commodity | 3,021 22.40 0.74% |
The commodity secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Micro Gold are expected to decrease at a much lower rate. During the bear market, Micro Gold is likely to outperform the market.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Micro Gold Futures are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Micro Gold exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
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Micro Gold Relative Risk vs. Return Landscape
If you would invest 263,550 in Micro Gold Futures on December 24, 2024 and sell it today you would earn a total of 38,590 from holding Micro Gold Futures or generate 14.64% return on investment over 90 days. Micro Gold Futures is generating 0.2174% of daily returns assuming 0.8577% volatility of returns over the 90 days investment horizon. Simply put, 7% of all commoditys have less volatile historical return distribution than Micro Gold, and 96% 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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Micro Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Micro Gold's investment risk. Standard deviation is the most common way to measure market volatility of commoditys, such as Micro Gold Futures, and traders can use it to determine the average amount a Micro Gold'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 = 0.2534
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.86 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Micro Gold is performing at about 19% 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 Micro Gold by adding it to a well-diversified portfolio.