Shinhan Gold (Korea) Performance
| 500016 Etf | 20,570 70.00 0.34% |
The entity has a beta of -0.089, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shinhan Gold are expected to decrease at a much lower rate. During the bear market, Shinhan Gold is likely to outperform the market.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Shinhan Gold Futures are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Shinhan Gold is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
Shinhan |
Shinhan Gold Relative Risk vs. Return Landscape
If you would invest 2,007,000 in Shinhan Gold Futures on November 4, 2024 and sell it today you would earn a total of 50,000 from holding Shinhan Gold Futures or generate 2.49% return on investment over 90 days. Shinhan Gold Futures is generating 0.0463% of daily returns and assumes 0.9627% volatility on return distribution over the 90 days horizon. Simply put, 8% of etfs are less volatile than Shinhan, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Shinhan Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinhan Gold's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Shinhan Gold Futures, and traders can use it to determine the average amount a Shinhan Gold'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 = 0.0481
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 500016 |
Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Shinhan Gold is performing at about 3% 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 Shinhan Gold by adding it to a well-diversified portfolio.