CoreShares (South Africa) Performance
| GLODIV Etf | 2,073 32.00 1.57% |
The etf shows a Beta (market volatility) of -0.091, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CoreShares are expected to decrease at a much lower rate. During the bear market, CoreShares is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in CoreShares SP Global are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong fundamental indicators, CoreShares is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
CoreShares |
CoreShares Relative Risk vs. Return Landscape
If you would invest 201,700 in CoreShares SP Global on August 25, 2024 and sell it today you would earn a total of 5,600 from holding CoreShares SP Global or generate 2.78% return on investment over 90 days. CoreShares SP Global is generating 0.0459% of daily returns and assumes 0.7954% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than CoreShares, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
CoreShares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreShares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as CoreShares SP Global, and traders can use it to determine the average amount a CoreShares' 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 = 0.0577
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Estimated Market Risk
| 0.8 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average CoreShares is performing at about 4% 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 CoreShares by adding it to a well-diversified portfolio.