OBX Consumer (Norway) Performance
| OCSG Index | 3,617 12.51 0.34% |
The entity holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and OBX Consumer are completely uncorrelated.
OBX Consumer Relative Risk vs. Return Landscape
If you would invest 351,556 in OBX Consumer Staples on December 25, 2024 and sell it today you would earn a total of 10,126 from holding OBX Consumer Staples or generate 2.88% return on investment over 90 days. OBX Consumer Staples is generating 0.0526% of daily returns and assumes 1.1108% volatility on return distribution over the 90 days horizon. Simply put, 9% of indexs are less volatile than OBX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
OBX Consumer Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OBX Consumer's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as OBX Consumer Staples, and traders can use it to determine the average amount a OBX Consumer'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 = 0.0474
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Estimated Market Risk
| 1.11 actual daily | 9 91% 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 | 3 97% of assets perform better |
Based on monthly moving average OBX Consumer is performing at about 3% 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 OBX Consumer by adding it to a well-diversified portfolio.