MiraeAsset TIGER (Korea) Performance
| 123310 Etf | 5,145 40.00 0.77% |
The etf secures a Beta (Market Risk) of -0.0714, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MiraeAsset TIGER are expected to decrease at a much lower rate. During the bear market, MiraeAsset TIGER is likely to outperform the market.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in MiraeAsset TIGER Inverse are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, MiraeAsset TIGER may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
MiraeAsset |
MiraeAsset TIGER Relative Risk vs. Return Landscape
If you would invest 466,000 in MiraeAsset TIGER Inverse on August 24, 2024 and sell it today you would earn a total of 48,500 from holding MiraeAsset TIGER Inverse or generate 10.41% return on investment over 90 days. MiraeAsset TIGER Inverse is generating 0.1751% of daily returns and assumes 1.2087% volatility on return distribution over the 90 days horizon. Simply put, 10% of etfs are less volatile than MiraeAsset, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MiraeAsset TIGER Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MiraeAsset TIGER's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MiraeAsset TIGER Inverse, and traders can use it to determine the average amount a MiraeAsset TIGER'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 = 0.1449
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 123310 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average MiraeAsset TIGER is performing at about 11% 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 MiraeAsset TIGER by adding it to a well-diversified portfolio.