NEXT FUNDS (Taiwan) Performance
| 00935 Etf | 21.67 0.20 0.91% |
The etf secures a Beta (Market Risk) of -0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NEXT FUNDS are expected to decrease at a much lower rate. During the bear market, NEXT FUNDS is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days NEXT FUNDS has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, NEXT FUNDS is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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NEXT FUNDS Relative Risk vs. Return Landscape
If you would invest 2,221 in NEXT FUNDS on December 11, 2024 and sell it today you would lose (54.00) from holding NEXT FUNDS or give up 2.43% of portfolio value over 90 days. NEXT FUNDS is generating negative expected returns and assumes 1.2887% volatility on return distribution over the 90 days horizon. Simply put, 11% of etfs are less volatile than NEXT, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NEXT FUNDS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXT FUNDS's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NEXT FUNDS , and traders can use it to determine the average amount a NEXT FUNDS'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 = -0.0277
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 00935 |
Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NEXT FUNDS is not performing at its full potential. However, 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 NEXT FUNDS by adding NEXT FUNDS to a well-diversified portfolio.
| NEXT FUNDS generated a negative expected return over the last 90 days |