CoreShares (South Africa) Buy Hold or Sell Recommendation

GLODIV Etf   2,073  32.00  1.57%   
Assuming the 90 days trading horizon and your below-average risk tolerance, our recommendation regarding CoreShares SP Global is 'Strong Sell'. Macroaxis provides CoreShares buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding GLODIV positions.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Note, we conduct extensive research on individual funds such as CoreShares and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards CoreShares SP Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Execute CoreShares Buy or Sell Advice

The CoreShares recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on CoreShares SP Global. Macroaxis does not own or have any residual interests in CoreShares SP Global or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute CoreShares' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell CoreSharesBuy CoreShares
Strong Sell

Market Performance

WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Economic Sensitivity

Slowly supersedes the marketDetails
For the selected time horizon CoreShares SP Global has a Mean Deviation of 0.5819, Semi Deviation of 0.6161, Standard Deviation of 0.7665, Variance of 0.5876, Downside Variance of 0.4501 and Semi Variance of 0.3796

CoreShares Returns Distribution Density

The distribution of CoreShares' historical returns is an attempt to chart the uncertainty of CoreShares' future price movements. The chart of the probability distribution of CoreShares daily returns describes the distribution of returns around its average expected value. We use CoreShares SP Global price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of CoreShares returns is essential to provide solid investment advice for CoreShares.
Mean Return
0.03
Value At Risk
-1.04
Potential Upside
1.15
Standard Deviation
0.77
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of CoreShares historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

CoreShares Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CoreShares or CoreShares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CoreShares' price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CoreShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.0027
β
Beta against Dow Jones0.25
σ
Overall volatility
0.80
Ir
Information ratio -0.1

CoreShares Volatility Alert

CoreShares SP Global exhibits relatively low volatility with skewness of 0.71 and kurtosis of 1.47. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure CoreShares' etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact CoreShares' etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

CoreShares Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as CoreShares . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Use Investing Ideas to Build Portfolios

In addition to having CoreShares in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Casinos Theme
Companies that are related to providing casino-type services across multiple geographical areas. The Casinos theme has 51 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Casinos Theme or any other thematic opportunities.
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