MiraeAsset TIGER (Korea) Performance
| 139290 Etf | 15,270 200.00 1.29% |
The etf secures a Beta (Market Risk) of -0.0538, 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
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Over the last 90 days MiraeAsset TIGER 200 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, MiraeAsset TIGER is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
MiraeAsset |
MiraeAsset TIGER Relative Risk vs. Return Landscape
If you would invest 1,585,875 in MiraeAsset TIGER 200 on August 31, 2024 and sell it today you would lose (38,875) from holding MiraeAsset TIGER 200 or give up 2.45% of portfolio value over 90 days. MiraeAsset TIGER 200 is generating negative expected returns and assumes 1.1411% volatility on return distribution over the 90 days horizon. Simply put, 10% of etfs are less volatile than MiraeAsset, and 99% 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 200, 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 = -0.0312
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| Negative Returns | 139290 |
Estimated Market Risk
| 1.14 actual daily | 10 90% 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 MiraeAsset TIGER 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 MiraeAsset TIGER by adding MiraeAsset TIGER to a well-diversified portfolio.
| MiraeAsset TIGER 200 generated a negative expected return over the last 90 days |