EGX 33 (Egypt) Performance
| SHARIAH Index | 3,130 28.16 0.91% |
The index shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and EGX 33 are completely uncorrelated.
EGX 33 Relative Risk vs. Return Landscape
If you would invest 300,208 in EGX 33 Shariah on September 3, 2024 and sell it today you would earn a total of 12,826 from holding EGX 33 Shariah or generate 4.27% return on investment over 90 days. EGX 33 Shariah is generating 0.0885% of daily returns and assumes 1.2746% volatility on return distribution over the 90 days horizon. Simply put, 11% of indexs are less volatile than EGX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
EGX 33 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for EGX 33's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as EGX 33 Shariah, and traders can use it to determine the average amount a EGX 33'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 = 0.0694
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| Cash | SHARIAH | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average EGX 33 is performing at about 5% 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 EGX 33 by adding it to a well-diversified portfolio.