ICEX Main (Iceland) Performance
| OMXIPI Index | 2,215 26.59 1.19% |
The entity retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and ICEX Main are completely uncorrelated.
ICEX Main Relative Risk vs. Return Landscape
If you would invest 238,102 in ICEX Main on December 22, 2024 and sell it today you would lose (16,559) from holding ICEX Main or give up 6.95% of portfolio value over 90 days. ICEX Main is generating negative expected returns and assumes 1.0649% volatility on return distribution over the 90 days horizon. Simply put, 9% of indexs are less volatile than ICEX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ICEX Main Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICEX Main's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as ICEX Main, and traders can use it to determine the average amount a ICEX Main'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 = -0.1075
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OMXIPI |
Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ICEX Main 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 ICEX Main by adding ICEX Main to a well-diversified portfolio.
| ICEX Main generated a negative expected return over the last 90 days |