KODEX Metaverse (Korea) Performance
| 411420 Etf | 15,870 435.00 2.82% |
The etf secures a Beta (Market Risk) of -0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KODEX Metaverse are expected to decrease at a much lower rate. During the bear market, KODEX Metaverse is likely to outperform the market.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in KODEX Metaverse Nasdaq are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, KODEX Metaverse sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
KODEX |
KODEX Metaverse Relative Risk vs. Return Landscape
If you would invest 1,261,313 in KODEX Metaverse Nasdaq on November 5, 2024 and sell it today you would earn a total of 325,687 from holding KODEX Metaverse Nasdaq or generate 25.82% return on investment over 90 days. KODEX Metaverse Nasdaq is generating 0.4131% of daily returns and assumes 1.8237% volatility on return distribution over the 90 days horizon. Simply put, 16% of etfs are less volatile than KODEX, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
KODEX Metaverse Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for KODEX Metaverse's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as KODEX Metaverse Nasdaq, and traders can use it to determine the average amount a KODEX Metaverse'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 = 0.2265
| Best Portfolio | Best Equity | |||
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| Small Returns | 411420 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average KODEX Metaverse is performing at about 17% 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 KODEX Metaverse by adding it to a well-diversified portfolio.