ICEX Main (Iceland) Performance
| OMXIPI Index | 2,315 14.57 0.63% |
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 198,865 in ICEX Main on September 13, 2024 and sell it today you would earn a total of 31,170 from holding ICEX Main or generate 15.67% return on investment over 90 days. ICEX Main is generating 0.2306% of daily returns and assumes 0.755% volatility on return distribution over the 90 days horizon. Simply put, 6% of indexs are less volatile than ICEX, and 96% 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 = 0.3054
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average ICEX Main is performing at about 24% 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 ICEX Main by adding it to a well-diversified portfolio.